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Chicago City Wire

Wednesday, April 24, 2024

Schiller Park home prices rise in the second half of 2018

Realestate077

The median sale price of a home sold in the second half of 2018 in Schiller Park rose by $37,500 while total sales decreased by 13.8%, according to BlockShopper.com.

From July through December of 2018, there were 56 homes sold, with a median sale price of $202,500 - a 22.7% increase over the $165,000 median sale price for the same period of the previous year. There were 65 homes sold in Schiller Park in the second half of 2017.

The median sales tax in Schiller Park for the most recent year with available data, 2017, was $4,258, approximately 2.1% of the median home sale price for the second half of 2018.

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

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
Stickney3747-21.3%$213,000$175,00021.7%
Palatine652739-11.8%$210,000$245,000-14.3%
Hanover Park119145-17.9%$206,000$180,00014.4%
Buffalo Grove117160-26.9%$205,000$216,000-5.1%
Franklin Park121148-18.2%$204,000$190,7506.9%
Schiller Park5665-13.8%$202,500$165,00022.7%
Forest View47-42.9%$200,500$195,0002.8%
Berkeley2943-32.6%$200,000$185,0008.1%
Broadview3869-44.9%$199,750$168,00018.9%
Olympia Fields5253-1.9%$199,500$186,5007%
Hickory Hills7490-17.8%$199,000$191,0004.2%

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