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Addison home prices fall in January 2017

Real Estate

By Local Labs News Service | Feb 14, 2017

Re 14

The median sale price of a home sold in January 2017 in Addison fell by $40,000 while total sales remained unchanged with 24 homes sold, according to BlockShopper.com.

In January 2017, there were 24 homes sold, with a median sale price of $181,000 - a 18.1% decrease over the $221,000 median sale price for the same period of the previous year. There were 24 homes sold in Addison in January 2016, as well.

The median sales tax in Addison for 2017 was $5,239.64. In 2016, the median sales tax was $5,123.10. This marks an increase of 2.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.

The following table compares Addison to other DuPage County cities with similar median sales prices in January 2017:

City
Jan. 2017 Home Sales
Jan. 2016 Home Sales
% change (Total Home Sales)
Jan. 2017 Median Sales Price
Jan. 2016 Median Sales Price
% change (Median Sales Price)
Roselle
18
16
12.5%
$209,000
$205,000
2%
Carol Stream
33
32
3.1%
$206,000
$190,000
8.4%
Oakbrook Terrace
3
2
50%
$200,000
$150,000
33.3%
West Chicago
11
15
-26.7%
$182,000
$198,000
-8.1%
Aurora
43
49
-12.2%
$181,500
$170,000
6.8%
Addison
24
24
0%
$181,000
$221,000
-18.1%
St. Charles
1
1
0%
$180,500
$255,000
-29.2%
Westmont
23
19
21.1%
$175,000
$295,000
-40.7%
Wood Dale
8
16
-50%
$174,750
$197,000
-11.3%
Villa Park
27
15
80%
$167,000
$185,000
-9.7%
Warrenville
22
17
29.4%
$165,000
$155,000
6.5%

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