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Monday, November 25, 2024

Burbank home prices rise in February 2018

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The median sale price of a home sold in February 2018 in Burbank rose by $34,000 while total sales remained unchanged with 17 homes sold, according to BlockShopper.com.

In February 2018, there were 17 homes sold, with a median sale price of $196,000 - a 21% increase over the $162,000 median sale price for the same period of the previous year. There were 17 homes sold in Burbank in February 2017, as well.

The median sales tax in Burbank for the most recent year with available data, 2017, was $4,382, approximately 2.2% of the median home sale price for February 2018.

The following table compares Burbank to other Cook County cities with similar median sales prices in February 2018:

CityFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
Roselle23-33.3%$205,750$142,00044.9%
Oak Park3145-31.1%$204,500$290,000-29.5%
Streamwood2945-35.6%$197,000$185,0006.5%
Hillside210-80%$196,500$102,75091.2%
Brookfield1625-36%$196,250$190,0003.3%
Burbank17170%$196,000$162,00021%
Stickney67-14.3%$196,000$190,0003.2%
Palatine6770-4.3%$191,000$212,500-10.1%
Forest Park171330.8%$190,000$89,000113.5%
Des Plaines5366-19.7%$188,500$208,500-9.6%
Hanover Park1516-6.3%$187,500$175,0007.1%

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