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Friday, April 19, 2024

Lynwood (Cook County) home prices rise in November 2018

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The median sale price of a home sold in November 2018 in Lynwood in Cook County rose by $115,500 while total sales increased by 60%, according to BlockShopper.com.

In November 2018, there were eight homes sold, with a median sale price of $197,500 - a 140.9% increase over the $82,000 median sale price for the same period of the previous year. There were five homes sold in Lynwood in November 2017.

The median sales tax in Lynwood for the most recent year with available data, 2017, was $4,907, approximately 2.5% of the median home sale price for November 2018.

The following table compares Lynwood to other Cook County cities with similar median sales prices in November 2018:

CityNov. 2018 Home SalesNov. 2017 Home Sales% change (Total Home Sales)Nov. 2018 Median Sales PriceNov. 2017 Median Sales Price% change (Median Sales Price)
Burbank2334-32.4%$204,000$168,00021.4%
Wheeling2343-46.5%$200,000$185,0008.1%
Hinsdale220%$200,000$523,250-61.8%
Hickory Hills69-33.3%$199,500$171,00016.7%
Forest Park821-61.9%$199,250$230,000-13.4%
Lynwood8560%$197,500$82,000140.9%
Franklin Park1722-22.7%$196,000$206,500-5.1%
Oak Lawn4980-38.8%$193,000$161,00019.9%
Broadview514-64.3%$190,000$150,00026.7%
Tinley Park4972-31.9%$190,000$182,7504%
Orland Park5188-42%$190,000$231,000-17.7%
* This story only considers sales data for the part of Lynwood that is in Cook County.

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