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Chicago City Wire

Wednesday, April 24, 2024

Norridge home prices fall in the fourth quarter of 2018

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The median sale price of a home sold in the fourth quarter of 2018 in Norridge fell by $47,500 while total sales decreased by 52.8%, according to BlockShopper.com.

From October through December of 2018, there were 25 homes sold, with a median sale price of $252,500 - a 15.8% decrease over the $300,000 median sale price for the same period of the previous year. There were 53 homes sold in Norridge in the fourth quarter of 2017.

The median sales tax in Norridge for the most recent year with available data, 2017, was $4,781.60, approximately 1.9% of the median home sale price for the fourth quarter of 2018.

The following table compares Norridge to other Cook County cities with similar median sales prices in the fourth quarter of 2018:

CityOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Indian Head Park1235-65.7%$269,000$225,00019.6%
La Grange Highlands8560%$263,750$410,000-35.7%
Skokie138197-29.9%$260,000$280,000-7.1%
Bartlett4172-43.1%$255,000$247,2503.1%
Brookfield5573-24.7%$254,500$235,0008.3%
Norridge2553-52.8%$252,500$300,000-15.8%
Forest River12-50%$250,000$260,000-3.8%
River Forest2641-36.6%$242,500$448,000-45.9%
Hoffman Estates125192-34.9%$241,000$253,250-4.8%
Westchester5878-25.6%$239,250$225,7506%
Harwood Heights2130-30%$235,000$271,000-13.3%

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