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Saturday, November 23, 2024

Justice home prices rise in April 2017

Re 7

The median sale price of a home sold in April 2017 in Justice rose by $50,500 while total sales increased by 50%, according to BlockShopper.com.

In April 2017, there were nine homes sold, with a median sale price of $185,000 - a 37.5% increase over the $134,500 median sale price for the same period of the previous year. There were six homes sold in Justice in April 2016.

The median sales tax in Justice for 2017 was $4,555. In 2016, the median sales tax was $4,161. This marks an increase of 9.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.

The following table compares Justice to other Cook County cities with similar median sales prices in April 2017:

CityApr. 2017 Home SalesApr. 2016 Home Sales% change (Total Home Sales)Apr. 2017 Median Sales PriceApr. 2016 Median Sales Price% change (Median Sales Price)
Indian Head Park7616.7%$192,500$215,500-10.7%
Wheeling523073.3%$190,500$157,50021%
Berkeley7540%$190,000$158,00020.3%
Orland Hills48-50%$189,000$171,25010.4%
Burbank262030%$186,500$195,500-4.6%
Justice9650%$185,000$134,50037.5%
Tinley Park78771.3%$182,500$174,0004.9%
Hanover Park2326-11.5%$182,500$158,75015%
Oak Forest32306.7%$181,500$179,5001.1%
Streamwood645223.1%$180,750$166,5008.6%
Oak Lawn877319.2%$180,000$120,00050%

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