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Dupage Policy Journal

Sunday, November 24, 2024

Addison home prices rise in May 2017

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The median sale price of a home sold in May 2017 in Addison rose by $13,950 while total sales increased by 29.4%, according to BlockShopper.com.

In May 2017, there were 44 homes sold, with a median sale price of $193,950 - a 7.8% increase over the $180,000 median sale price for the same period of the previous year. There were 34 homes sold in Addison in May 2016.

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 2.7%.

The following table compares Addison 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)
Aurora1151104.5%$220,000$221,000-0.5%
Westmont392839.3%$217,500$229,250-5.1%
Villa Park31296.9%$212,500$217,000-2.1%
Warrenville312147.6%$209,000$191,0009.4%
St. Charles4333.3%$205,000$198,0003.5%
Wood Dale341888.9%$196,348$208,000-5.6%
Addison443429.4%$193,950$180,0007.8%
Glendale Heights3946-15.2%$170,000$165,5002.7%
Hanover Park282512%$153,500$164,500-6.7%
York Center10742.9%$151,235$127,00019.1%
Dupage City105100%$125,000$124,0000.8%

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