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Tuesday, January 21, 2020

Rosemont home prices fall in the second half of 2017

Real Estate

By Local Labs News Service | Jan 14, 2018

Re 14

The median sale price of a home sold in the second half of 2017 in Rosemont fell by $119,000 while total sales decreased by 29.4%, according to BlockShopper.com.

From July through December of 2017, there were 12 homes sold, with a median sale price of $191,000 - a 38.4% decrease over the $310,000 median sale price for the same period of the previous year. There were 17 homes sold in Rosemont in the second half of 2016.

The median sales tax in Rosemont for 2017 was $5,696. In 2016, the median sales tax was $5,711. This marks an decrease of 0.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3%.

The following table compares Rosemont to other Cook County cities with similar median sales prices in the second half of 2017:

City
July - Dec. 2017 Home Sales
July - Dec. 2016 Home Sales
% change (Total Home Sales)
July - Dec. 2017 Median Sales Price
July - Dec. 2016 Median Sales Price
% change (Median Sales Price)
Berwyn
371
376
-1.3%
$202,000
$195,000
3.6%
River Grove
93
72
29.2%
$200,000
$158,000
26.6%
Forest View
7
9
-22.2%
$195,000
$175,000
11.4%
Hickory Hills
90
103
-12.6%
$191,000
$200,000
-4.5%
Orland Hills
54
48
12.5%
$191,000
$191,750
-0.4%
Rosemont
12
17
-29.4%
$191,000
$310,000
-38.4%
Franklin Park
148
141
5%
$190,750
$176,000
8.4%
Schaumburg
751
662
13.4%
$187,000
$177,750
5.2%
Melrose Park
163
153
6.5%
$187,000
$171,000
9.4%
Olympia Fields
53
53
0%
$186,500
$160,000
16.6%
Tinley Park
517
559
-7.5%
$185,500
$180,000
3.1%

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