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South Cook News

Tuesday, October 8, 2024

Oak Lawn home prices rise in May 2018

Re 6

The median sale price of a home sold in May 2018 in Oak Lawn rose by $8,000 while total sales increased by 35.8%, according to BlockShopper.com.

In May 2018, there were 129 homes sold, with a median sale price of $180,000 - a 4.7% increase over the $172,000 median sale price for the same period of the previous year. There were 95 homes sold in Oak Lawn in May 2017.

The median sales tax in Oak Lawn for the most recent year with available data, 2017, was $4,205, approximately 2.3% of the median home sale price for May 2018.

The following table compares Oak Lawn 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)
Streamwood7172-1.4%$196,000$190,5002.9%
Orland Hills1113-15.4%$190,000$204,000-6.9%
Schaumburg124125-0.8%$189,500$199,500-5%
Alsip23230%$185,000$144,00028.5%
Burbank36345.9%$181,500$170,2506.6%
Oak Lawn1299535.8%$180,000$172,0004.7%
Justice11110%$180,000$145,00024.1%
Berkeley10825%$178,500$198,250-10%
Broadview513-61.5%$175,000$165,0006.1%
Worth181250%$172,500$101,00070.8%
Elgin342821.4%$167,250$163,0002.6%

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