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South Cook News

Monday, November 25, 2024

Oak Lawn home prices fall in February 2018

Re 9

The median sale price of a home sold in February 2018 in Oak Lawn fell by $3,000 while total sales increased by 1.6%, according to BlockShopper.com.

In February 2018, there were 63 homes sold, with a median sale price of $154,000 - a 1.9% decrease over the $157,000 median sale price for the same period of the previous year. There were 62 homes sold in Oak Lawn in February 2017.

The median sales tax in Oak Lawn for the most recent year with available data, 2017, was $4,205, approximately 2.7% of the median home sale price for February 2018.

The following table compares Oak Lawn 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)
Homewood2123-8.7%$160,000$142,00012.7%
Broadview24-50%$158,500$160,000-0.9%
Cicero4048-16.7%$158,500$164,500-3.6%
Olympia Fields770%$157,000$182,000-13.7%
Bellwood1822-18.2%$155,500$125,50023.9%
Oak Lawn63621.6%$154,000$157,000-1.9%
Hickory Hills13862.5%$150,000$184,000-18.5%
Justice8560%$150,000$163,000-8%
South Holland2238-42.1%$148,500$110,50034.4%
Bridgeview912-25%$145,000$140,0003.6%
Richton Park1215-20%$145,000$97,50048.7%

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