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Chicago City Wire

Monday, January 27, 2020

Rosemont home prices rise in the second half of 2018

Real Estate

By Local Labs News Service | Jan 14, 2019

Re 2

The median sale price of a home sold in the second half of 2018 in Rosemont rose by $73,500 while total sales increased by 16.7%, according to BlockShopper.com.

From July through December of 2018, there were 14 homes sold, with a median sale price of $264,500 - a 38.5% increase over the $191,000 median sale price for the same period of the previous year. There were 12 homes sold in Rosemont in the second half of 2017.

The median sales tax in Rosemont for the most recent year with available data, 2017, was $5,696, approximately 2.2% of the median home sale price for the second half of 2018.

The following table compares Rosemont to other Cook County cities with similar median sales prices in the second half of 2018:

City
July - Dec. 2018 Home Sales
July - Dec. 2017 Home Sales
% change (Total Home Sales)
July - Dec. 2018 Median Sales Price
July - Dec. 2017 Median Sales Price
% change (Median Sales Price)
Skokie
377
467
-19.3%
$280,000
$280,000
0%
Norridge
78
121
-35.5%
$279,000
$297,000
-6.1%
La Grange Highlands
20
22
-9.1%
$276,750
$342,750
-19.3%
Palos Heights
92
125
-26.4%
$275,000
$260,000
5.8%
Niles
210
237
-11.4%
$271,250
$269,500
0.6%
Rosemont
14
12
16.7%
$264,500
$191,000
38.5%
Brookfield
148
176
-15.9%
$258,000
$238,250
8.3%
Orland Park
503
600
-16.2%
$250,000
$247,500
1%
Hoffman Estates
371
441
-15.9%
$250,000
$257,000
-2.7%
Harwood Heights
52
63
-17.5%
$248,750
$257,000
-3.2%
Westchester
161
183
-12%
$245,000
$228,000
7.5%

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