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South Cook News

Wednesday, November 27, 2024

Palos Park home prices fall in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Palos Park fell by $9,000 while total sales increased by 1.2%, according to BlockShopper.com.

From January through June of 2019, there were 86 homes sold, with a median sale price of $316,000 - a 2.8% decrease over the $325,000 median sale price for the same period of the previous year. There were 85 homes sold in Palos Park in the first half of 2018.

The median sales tax in Palos Park for the most recent year with available data, 2018, was $7,225, approximately 2.3% of the median home sale price for the first half of 2019.

The following table compares Palos Park to other Cook County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Lincolnwood7182-13.4%$345,000$344,0000.3%
Deercrest Estates1420-30%$345,000$322,5007%
Lemont115137-16.1%$337,500$315,0007.1%
La Grange Highlands22214.8%$337,000$360,000-6.4%
Evanston463505-8.3%$330,000$325,0001.5%
Palos Park86851.2%$316,000$325,000-2.8%
Skokie374450-16.9%$313,500$314,250-0.2%
Arlington Heights618662-6.6%$294,500$320,000-8%
Mission Hills Estates69-33.3%$292,500$211,00038.6%
Mount Prospect3893685.7%$290,000$285,0001.8%
Norridge80101-20.8%$289,500$285,0001.6%

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