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Thursday, November 28, 2024

Palos Heights home prices fall in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Palos Heights fell by $12,250 while total sales increased by 3.7%, according to BlockShopper.com.

From April through June of 2019, there were 84 homes sold, with a median sale price of $266,750 - a 4.4% decrease over the $279,000 median sale price for the same period of the previous year. There were 81 homes sold in Palos Heights in the second quarter of 2018.

The median sales tax in Palos Heights for the most recent year with available data, 2018, was $6,196, approximately 2.3% of the median home sale price for the second quarter of 2019.

The following table compares Palos Heights to other Cook County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Niles1311254.8%$290,000$280,0003.6%
Norridge5659-5.1%$288,250$285,0001.1%
Forest River21100%$270,000$222,50021.3%
Harwood Heights2536-30.6%$268,000$262,0002.3%
Mission Hills Estates24-50%$267,500$295,000-9.3%
Palos Heights84813.7%$266,750$279,000-4.4%
Palatine376465-19.1%$265,000$275,000-3.6%
Orland Park304351-13.4%$260,000$262,000-0.8%
Brookfield101113-10.6%$260,000$244,0006.6%
Prospect Heights675717.5%$260,000$240,0008.3%
Willow Springs2937-21.6%$259,000$319,000-18.8%

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