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Monday, November 25, 2024

Palos Hills home prices rise in February 2018

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The median sale price of a home sold in February 2018 in Palos Hills rose by $43,500 while total sales increased by 36.4%, according to BlockShopper.com.

In February 2018, there were 15 homes sold, with a median sale price of $164,500 - a 36% increase over the $121,000 median sale price for the same period of the previous year. There were 11 homes sold in Palos Hills in February 2017.

The median sales tax in Palos Hills for the most recent year with available data, 2017, was $3,301, approximately 2% of the median home sale price for February 2018.

The following table compares Palos Hills 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)
Lyons69-33.3%$172,500$129,00033.7%
Buffalo Grove1825-28%$171,000$161,0006.2%
Berwyn534712.8%$170,000$220,000-22.7%
Rolling Meadows1520-25%$170,000$215,750-21.2%
Elgin1418-22.2%$166,500$132,00026.1%
Palos Hills151136.4%$164,500$121,00036%
Schiller Park46-33.3%$162,500$177,750-8.6%
Lynwood770%$162,000$137,00018.2%
Wheeling252119%$160,000$158,0001.3%
Homewood2123-8.7%$160,000$142,00012.7%
Broadview24-50%$158,500$160,000-0.9%

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