Medinah home prices rise in the third quarter of 2019
The median sale price of a home sold in the third quarter of 2019 in Medinah rose by $39,000 while total sales increased by 50%, according to BlockShopper.com.
From July through September of 2019, there were 12 homes sold, with a median sale price of $389,500 - a 11.1% increase over the $350,500 median sale price for the same period of the previous year. There were eight homes sold in Medinah in the third quarter of 2018.
The median sales tax in Medinah for the most recent year with available data, 2018, was $7,065, approximately 1.8% of the median home sale price for the third quarter of 2019.
The following table compares Medinah to other DuPage County cities with similar median sales prices in the third quarter of 2019:
| City | July - Sept. 2019 Home Sales | July - Sept. 2018 Home Sales | % change (Total Home Sales) | July - Sept. 2019 Median Sales Price | July - Sept. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hinsdale | 91 | 87 | 4.6% | $879,000 | $807,500 | 8.9% |
| Oak Brook | 33 | 30 | 10% | $625,000 | $783,500 | -20.2% |
| Clarendon Hills | 66 | 48 | 37.5% | $580,000 | $357,000 | 62.5% |
| Burr Ridge | 35 | 27 | 29.6% | $555,000 | $735,000 | -24.5% |
| Elmhurst | 250 | 190 | 31.6% | $398,750 | $415,000 | -3.9% |
| Medinah | 12 | 8 | 50% | $389,500 | $350,500 | 11.1% |
| Glen Ellyn | 147 | 100 | 47% | $380,000 | $383,750 | -1% |
| Wheaton | 267 | 200 | 33.5% | $375,000 | $333,000 | 12.6% |
| Naperville | 497 | 387 | 28.4% | $360,000 | $352,500 | 2.1% |
| Downers Grove | 240 | 206 | 16.5% | $353,250 | $317,250 | 11.3% |
| Wayne | 8 | 8 | 0% | $347,000 | $493,500 | -29.7% |