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Dupage Policy Journal

Sunday, November 24, 2024

Oak Brook (DuPage County) home prices fall in May 2017

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The median sale price of a home sold in May 2017 in Oak Brook in DuPage County fell by $121,583.50 while total sales increased by 60%, according to BlockShopper.com.

In May 2017, there were 16 homes sold, with a median sale price of $583,416.50 - a 17.2% decrease over the $705,000 median sale price for the same period of the previous year. There were 10 homes sold in Oak Brook in May 2016.

The median sales tax in Oak Brook for 2017 was $10,143.94. In 2016, the median sales tax was $9,811.40. This marks an increase of 3.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.7%.

The following table compares Oak Brook to other DuPage County cities with similar median sales prices in May 2017:

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Hinsdale34333%$980,000$630,00055.6%
Burr Ridge16160%$793,750$478,00066.1%
Oak Brook161060%$583,416.50$705,000-17.2%
Clarendon Hills211631.3%$450,000$464,500-3.1%
Elmhurst1028717.2%$397,500$387,0002.7%
Wayne220%$395,000$333,25018.5%
Glen Ellyn676011.7%$379,000$466,500-18.8%
Medinah4333.3%$363,500$350,0003.9%
Glenbard South10666.7%$358,500$370,000-3.1%
Downers Grove998516.5%$340,000$287,00018.5%
Lisle452766.7%$336,000$375,000-10.4%
* This story only considers sales data for the part of Oak Brook that is in DuPage County.

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