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South Cook News

Monday, November 25, 2024

Indian Head Park home prices fall in February 2018

Re 12

The median sale price of a home sold in February 2018 in Indian Head Park fell by $181,500 while total sales decreased by 25%, according to BlockShopper.com.

In February 2018, there were three homes sold, with a median sale price of $121,500 - a 59.9% decrease over the $303,000 median sale price for the same period of the previous year. There were four homes sold in Indian Head Park in February 2017.

The median sales tax in Indian Head Park for the most recent year with available data, 2017, was $4,498, approximately 3.7% of the median home sale price for February 2018.

The following table compares Indian Head Park 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)
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%
Country Club Hills321877.8%$111,925$71,00057.6%
Posen56-16.7%$111,500$113,500-1.8%
Crestwood1517-11.8%$99,000$102,000-2.9%

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