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Wednesday, November 27, 2024

Park Forest (Cook County) home prices rise 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 Park Forest in Cook County rose by $6,000 while total sales increased by 15.9%, according to BlockShopper.com.

From January through June of 2019, there were 175 homes sold, with a median sale price of $65,000 - a 10.2% increase over the $59,000 median sale price for the same period of the previous year. There were 151 homes sold in Park Forest in the first half of 2018.

The median sales tax in Park Forest for the most recent year with available data, 2018, was $5,034, approximately 7.7% of the median home sale price for the first half of 2019.

The following table compares Park Forest 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)
Calumet City239256-6.6%$77,500$72,0007.6%
Burnham21205%$77,000$60,50027.3%
Chicago Heights143166-13.9%$74,500$82,000-9.1%
South Chicago Heights2729-6.9%$73,000$74,000-1.4%
East Hazel Crest812-33.3%$68,000$62,0009.7%
Park Forest17515115.9%$65,000$59,00010.2%
Robbins191258.3%$49,000$50,250-2.5%
Sauk Village77770%$45,000$37,00021.6%
Markham75698.7%$45,000$45,0000%
Riverdale786520%$36,500$32,00014.1%
Harvey857611.8%$35,000$31,25012%
* This story only considers sales data for the part of Park Forest that is in Cook County.

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