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Friday, February 28, 2020

Burbank home prices rise in 2019

Real Estate

By Metric Media News Service | Jan 7, 2020

Re 13

The median sale price of a home sold in 2019 in Burbank rose by $10,000 while total sales decreased by 12.2%, according to BlockShopper.com.

From January through December of 2019, there were 332 homes sold, with a median sale price of $200,000 - a 5.3% increase over the $190,000 median sale price for the previous year. There were 378 homes sold in Burbank in 2018.

The median sales tax in Burbank for the most recent year with available data, 2018, was $4,425, approximately 2.2% of the median home sale price for 2019.

The following table compares Burbank to other Cook County cities with similar median sales prices in 2019:

City
Jan. - Dec. 2019 Home Sales
Jan. - Dec. 2018 Home Sales
% change (Total Home Sales)
Jan. - Dec. 2019 Median Sales Price
Jan. - Dec. 2018 Median Sales Price
% change (Median Sales Price)
Orland Hills
79
105
-24.8%
$206,000
$190,000
8.4%
Franklin Park
268
247
8.5%
$205,500
$200,000
2.8%
River Grove
133
117
13.7%
$205,000
$197,000
4.1%
Schaumburg
1,344
1,355
-0.8%
$205,000
$192,500
6.5%
Elmhurst
7
4
75%
$200,000
$109,250
83.1%
Burbank
332
378
-12.2%
$200,000
$190,000
5.3%
Streamwood
711
776
-8.4%
$199,000
$190,000
4.7%
Tinley Park
927
1,030
-10%
$199,000
$190,750
4.3%
Justice
121
127
-4.7%
$198,000
$182,500
8.5%
Flossmoor
233
183
27.3%
$197,000
$200,000
-1.5%
Olympia Fields
124
100
24%
$195,000
$189,500
2.9%

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