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South Cook News

Tuesday, December 24, 2024

Richton Park home prices fall in March 2017

Realestate1

The median sale price of a home sold in March 2017 in Richton Park fell by $80,000 while total sales remained unchanged with 15 homes sold, according to BlockShopper.com.

In March 2017, there were 15 homes sold, with a median sale price of $40,000 - a 66.7% decrease over the $120,000 median sale price for the same period of the previous year. There were 15 homes sold in Richton Park in March 2016, as well.

The median sales tax in Richton Park for 2017 was $4,574. In 2016, the median sales tax was $4,486. This marks an increase of 1.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 11.4%.

The following table compares Richton Park to other Cook County cities with similar median sales prices in March 2017:

CityMar. 2017 Home SalesMar. 2016 Home Sales% change (Total Home Sales)Mar. 2017 Median Sales PriceMar. 2016 Median Sales Price% change (Median Sales Price)
Calumet Park660%$56,000$52,5006.7%
Dolton281855.6%$49,250$58,250-15.5%
Calumet City383315.2%$47,250$50,000-5.5%
Merrionette Park110%$46,000$29,00058.6%
Riverdale811-27.3%$45,000$32,50038.5%
Richton Park15150%$40,000$120,000-66.7%
East Hazel Crest24-50%$38,250$60,000-36.3%
Park Forest272035%$35,000$33,0006.1%
South Chicago Heights5425%$35,000$28,00025%
Harvey816-50%$22,500$17,50028.6%
Sauk Village191711.8%$21,500$24,000-10.4%

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