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South Cook News

Friday, November 8, 2024

Worth home prices fall in October 2017

Realestate077

The median sale price of a home sold in October 2017 in Worth fell by $36,750 while total sales remained unchanged with 14 homes sold, according to BlockShopper.com.

In October 2017, there were 14 homes sold, with a median sale price of $137,750 - a 21.1% decrease over the $174,500 median sale price for the same period of the previous year. There were 14 homes sold in Worth in October 2016, as well.

The median sales tax in Worth for 2017 was $4,440. In 2016, the median sales tax was $4,185. This marks an increase of 6.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.2%.

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

CityOct. 2017 Home SalesOct. 2016 Home Sales% change (Total Home Sales)Oct. 2017 Median Sales PriceOct. 2016 Median Sales Price% change (Median Sales Price)
Lyons16160%$156,000$124,50025.3%
Maywood23224.5%$151,000$85,50076.6%
Schiller Park151136.4%$145,000$195,000-25.6%
Berkeley83166.7%$142,750$79,50079.6%
Homewood403611.1%$142,000$129,2509.9%
Worth14140%$137,750$174,500-21.1%
Midlothian362828.6%$137,000$120,50013.7%
South Chicago Heights5425%$136,000$71,75089.5%
Palos Hills271942.1%$134,000$161,000-16.8%
Summit89-11.1%$132,500$85,00055.9%
South Holland373312.1%$132,000$125,0005.6%

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