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South Cook News

Tuesday, October 8, 2024

Palos Hills home prices fall in May 2018

Realestate3

The median sale price of a home sold in May 2018 in Palos Hills fell by $500 while total sales increased by 27.6%, according to BlockShopper.com.

In May 2018, there were 37 homes sold, with a median sale price of $153,000 - a 0.3% decrease over the $153,500 median sale price for the same period of the previous year. There were 29 homes sold in Palos Hills in May 2017.

The median sales tax in Palos Hills for the most recent year with available data, 2017, was $3,301, approximately 2.2% of the median home sale price for May 2018.

The following table compares Palos Hills 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)
Lyons13944.4%$165,000$95,00073.7%
Cicero53521.9%$164,000$151,0008.6%
Forest Park3133-6.1%$158,000$236,000-33.1%
Summit417-76.5%$157,500$153,0002.9%
Bellwood261662.5%$154,500$116,00033.2%
Palos Hills372927.6%$153,000$153,500-0.3%
Stickney815-46.7%$153,000$136,00012.5%
Richton Park1520-25%$152,000$60,250152.3%
Lynwood78-12.5%$150,000$142,2505.4%
River Grove84100%$144,000$215,000-33%
South Holland38358.6%$139,500$127,0009.8%

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