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Dupage Policy Journal

Sunday, November 24, 2024

Lombard home prices rise in May 2017

Realestate2

The median sale price of a home sold in May 2017 in Lombard rose by $48,700 while total sales increased by 8.2%, according to BlockShopper.com.

In May 2017, there were 66 homes sold, with a median sale price of $247,700 - a 24.5% increase over the $199,000 median sale price for the same period of the previous year. There were 61 homes sold in Lombard in May 2016.

The median sales tax in Lombard for 2017 was $5,641.62. In 2016, the median sales tax was $5,507.40. This marks an increase of 2.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.

The following table compares Lombard 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)
Roselle312714.8%$265,000$239,00010.9%
West Chicago2533-24.2%$260,000$173,00050.3%
Bolingbrook13-66.7%$260,000$282,000-7.8%
Bloomingdale523262.5%$257,500$238,0008.2%
Itasca14140%$256,500$207,50023.6%
Lombard66618.2%$247,700$199,00024.5%
Woodridge402748.1%$240,038.50$250,000-4%
Carol Stream48464.3%$232,000$222,7504.2%
Bensenville191435.7%$230,000$201,00014.4%
Willowbrook1723-26.1%$222,000$175,00026.9%
Aurora1151104.5%$220,000$221,000-0.5%

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