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Wednesday, November 27, 2024

Richton 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 Richton Park fell by $14,500 while total sales decreased by 16.7%, according to BlockShopper.com.

From January through June of 2019, there were 85 homes sold, with a median sale price of $110,000 - a 11.6% decrease over the $124,500 median sale price for the same period of the previous year. There were 102 homes sold in Richton Park in the first half of 2018.

The median sales tax in Richton Park for the most recent year with available data, 2018, was $4,602, approximately 4.2% of the median home sale price for the first half of 2019.

The following table compares Richton 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)
Country Club Hills118179-34.1%$120,000$109,5009.6%
Posen2936-19.4%$120,000$107,50011.6%
Bedford Park67-14.3%$118,250$210,000-43.7%
Chicago Ridge8591-6.6%$114,000$118,000-3.4%
Lansing264266-0.8%$112,750$115,000-2%
Richton Park85102-16.7%$110,000$124,500-11.6%
Crestwood103122-15.6%$110,000$114,000-3.5%
Thornton26260%$109,250$87,00025.6%
Steger2227-18.5%$100,000$90,00011.1%
Hazel Crest1081080%$97,750$83,50017.1%
Dolton2092052%$95,000$60,00058.3%

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