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Chicago City Wire

Monday, November 25, 2024

Rosemont home prices rise in February 2017

Re 1

The median sale price of a home sold in February 2017 in Rosemont rose by $290,250 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

In February 2017, there were two homes sold, with a median sale price of $390,000 - a 291% increase over the $99,750 median sale price for the same period of the previous year. There were two homes sold in Rosemont in February 2016, as well.

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 1.5%.

The following table compares Rosemont to other Cook County cities with similar median sales prices in February 2017:

CityFeb. 2017 Home SalesFeb. 2016 Home Sales% change (Total Home Sales)Feb. 2017 Median Sales PriceFeb. 2016 Median Sales Price% change (Median Sales Price)
Wilmette2228-21.4%$426,250$685,000-37.8%
Glenview4247-10.6%$415,750$388,0007.2%
Western Springs1014-28.6%$413,500$595,000-30.5%
Palos Park5366.7%$400,000$235,00070.2%
Northfield89-11.1%$397,500$275,50044.3%
Rosemont220%$390,000$99,750291%
Lincolnwood15966.7%$379,000$429,000-11.7%
Golf10-$375,000$0-
Deercrest Estates13-66.7%$370,000$360,0002.8%
Lemont1520-25%$369,500$337,0009.6%
Barrington660%$360,000$295,00022%

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