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Tuesday, October 8, 2024

Burr Ridge (Cook County) home prices fall in May 2018

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The median sale price of a home sold in May 2018 in Burr Ridge in Cook County fell by $27,750 while total sales decreased by 62.5%, according to BlockShopper.com.

In May 2018, there were six homes sold, with a median sale price of $583,500 - a 4.5% decrease over the $611,250 median sale price for the same period of the previous year. There were 16 homes sold in Burr Ridge in May 2017.

The median sales tax in Burr Ridge for the most recent year with available data, 2017, was $9,445, approximately 1.6% of the median home sale price for May 2018.

The following table compares Burr Ridge to other Cook County cities with similar median sales prices in May 2018:

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Northfield111010%$795,000$491,50061.7%
Wilmette5664-12.5%$787,750$665,50018.4%
Hinsdale8560%$683,750$555,00023.2%
South Barrington58-37.5%$650,000$589,00010.4%
River Forest27258%$600,000$503,00019.3%
Burr Ridge616-62.5%$583,500$611,250-4.5%
Barrington Hills4333.3%$558,500$790,000-29.3%
Western Springs252213.6%$527,500$558,750-5.6%
Inverness131030%$523,000$475,00010.1%
La Grange Highlands23-33.3%$491,000$240,000104.6%
Rosemont220%$478,000$98,250386.5%
* This story only considers sales data for the part of Burr Ridge that is in Cook County.

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