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Wednesday, November 27, 2024

Burnham home prices rise in the second quarter of 2019

Realestate077

The median sale price of a home sold in the second quarter of 2019 in Burnham rose by $50,000 while total sales increased by 22.2%, according to BlockShopper.com.

From April through June of 2019, there were 11 homes sold, with a median sale price of $110,000 - a 83.3% increase over the $60,000 median sale price for the same period of the previous year. There were nine homes sold in Burnham in the second quarter of 2018.

The median sales tax in Burnham for the most recent year with available data, 2018, was $3,081, approximately 2.8% of the median home sale price for the second quarter of 2019.

The following table compares Burnham 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)
Posen1618-11.1%$126,500$107,50017.7%
Country Club Hills5792-38%$123,500$104,50018.2%
Thornton201811.1%$114,000$109,0004.6%
Chicago Ridge5556-1.8%$114,000$118,250-3.6%
Steger1318-27.8%$110,000$52,500109.5%
Burnham11922.2%$110,000$60,00083.3%
Lansing150161-6.8%$110,000$115,000-4.3%
Hazel Crest5661-8.2%$106,000$83,00027.7%
Calumet Park1624-33.3%$97,000$65,25048.7%
Dolton1169818.4%$94,250$55,00071.4%
Merrionette Park196216.7%$90,000$145,250-38%

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