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South Cook News

Tuesday, October 8, 2024

Lemont (Cook County) home prices fall in May 2018

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The median sale price of a home sold in May 2018 in Lemont in Cook County fell by $37,000 while total sales increased by 35%, according to BlockShopper.com.

In May 2018, there were 27 homes sold, with a median sale price of $268,000 - a 12.1% decrease over the $305,000 median sale price for the same period of the previous year. There were 20 homes sold in Lemont in May 2017.

The median sales tax in Lemont for the most recent year with available data, 2017, was $6,720, approximately 2.5% of the median home sale price for May 2018.

The following table compares Lemont 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)
Morton Grove4042-4.8%$290,000$297,500-2.5%
Palos Heights2232-31.3%$286,000$228,50025.2%
Niles473920.5%$285,000$265,0007.5%
Hoffman Estates846333.3%$280,000$249,00012.4%
Norridge171513.3%$271,500$270,0000.6%
Lemont272035%$268,000$305,000-12.1%
Orland Park1281215.8%$266,250$252,5005.4%
Elk Grove Village53513.9%$258,000$247,5004.2%
Harwood Heights1014-28.6%$252,500$260,000-2.9%
Deercrest Estates5425%$250,500$271,000-7.6%
Westchester3236-11.1%$247,000$234,5005.3%
* This story only considers sales data for the part of Lemont that is in Cook County.

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