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South Cook News

Tuesday, October 8, 2024

Riverdale home prices rise in May 2018

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The median sale price of a home sold in May 2018 in Riverdale rose by $4,000 while total sales increased by 100%, according to BlockShopper.com.

In May 2018, there were 16 homes sold, with a median sale price of $32,000 - a 14.3% increase over the $28,000 median sale price for the same period of the previous year. There were eight homes sold in Riverdale in May 2017.

The median sales tax in Riverdale for the most recent year with available data, 2017, was $2,871, approximately 9% of the median home sale price for May 2018.

The following table compares Riverdale 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)
Harvey1014-28.6%$50,000$17,000194.1%
Robbins330%$48,500$16,500193.9%
Burnham46-33.3%$48,000$70,500-31.9%
Merrionette Park20-$45,500$0-
Ford Heights20-$43,500$0-
Markham1011-9.1%$37,500$62,000-39.5%
Dolton2733-18.2%$37,500$75,000-50%
Dixmoor10-$35,000$0-
East Hazel Crest41300%$32,750$45,000-27.2%
Riverdale168100%$32,000$28,00014.3%
Phoenix110%$18,500$27,500-32.7%

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