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Thursday, November 28, 2024

Park Forest (Cook County) home prices fall in the second quarter of 2019

Realestate5

The median sale price of a home sold in the second quarter of 2019 in Park Forest in Cook County fell by $2,500 while total sales increased by 15.9%, according to BlockShopper.com.

From April through June of 2019, there were 95 homes sold, with a median sale price of $67,000 - a 3.6% decrease over the $69,500 median sale price for the same period of the previous year. There were 82 homes sold in Park Forest in the second quarter of 2018.

The median sales tax in Park Forest for the most recent year with available data, 2018, was $5,034, approximately 7.5% of the median home sale price for the second quarter of 2019.

The following table compares Park Forest 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)
Merrionette Park196216.7%$90,000$145,250-38%
Richton Park4154-24.1%$82,000$118,250-30.7%
Phoenix220%$80,500$29,000177.6%
Calumet City1371323.8%$77,000$75,5002%
Chicago Heights71701.4%$68,000$85,500-20.5%
Park Forest958215.9%$67,000$69,500-3.6%
East Hazel Crest48-50%$66,000$52,25026.3%
Markham3244-27.3%$63,500$50,00027%
South Chicago Heights191346.2%$62,000$74,000-16.2%
Sauk Village403611.1%$49,000$47,7502.6%
Robbins12850%$48,000$42,00014.3%
* This story only considers sales data for the part of Park Forest that is in Cook County.

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