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Monday, November 25, 2024

Blue Island home prices rise in February 2018

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The median sale price of a home sold in February 2018 in Blue Island rose by $69,500 while total sales decreased by 35.3%, according to BlockShopper.com.

In February 2018, there were 11 homes sold, with a median sale price of $130,000 - a 114.9% increase over the $60,500 median sale price for the same period of the previous year. There were 17 homes sold in Blue Island in February 2017.

The median sales tax in Blue Island for the most recent year with available data, 2017, was $3,350, approximately 2.6% of the median home sale price for February 2018.

The following table compares Blue Island 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)
Matteson1820-10%$143,500$97,00047.9%
Northlake1113-15.4%$140,000$142,000-1.4%
Lansing1542-64.3%$135,000$77,50074.2%
Oak Forest2936-19.4%$132,000$173,500-23.9%
Alsip1419-26.3%$131,500$145,000-9.3%
Blue Island1117-35.3%$130,000$60,500114.9%
River Grove913-30.8%$125,000$175,000-28.6%
Merrionette Park110%$122,000$145,000-15.9%
Indian Head Park34-25%$121,500$303,000-59.9%
Maywood16160%$115,500$94,50022.2%
Chicago Ridge1318-27.8%$115,000$98,50016.8%

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