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Dupage Policy Journal

Monday, November 25, 2024

Burr Ridge (DuPage County) home prices fall in August 2017

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The median sale price of a home sold in August 2017 in Burr Ridge in DuPage County fell by $117,500 while total sales increased by 77.8%, according to BlockShopper.com.

In August 2017, there were 16 homes sold, with a median sale price of $657,500 - a 15.2% decrease over the $775,000 median sale price for the same period of the previous year. There were nine homes sold in Burr Ridge in August 2016.

The median sales tax in Burr Ridge for 2017 was $10,708.26. In 2016, the median sales tax was $10,336.70. This marks an increase of 3.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.

The following table compares Burr Ridge to other DuPage County cities with similar median sales prices in August 2017:

CityAug. 2017 Home SalesAug. 2016 Home Sales% change (Total Home Sales)Aug. 2017 Median Sales PriceAug. 2016 Median Sales Price% change (Median Sales Price)
Hinsdale43422.4%$830,000$742,50011.8%
Burr Ridge16977.8%$657,500$775,000-15.2%
Oak Brook189100%$550,000$588,000-6.5%
Clarendon Hills2021-4.8%$425,000$570,000-25.4%
Elmhurst96897.9%$402,550$383,0005.1%
Glen Ellyn5063-20.6%$365,000$419,000-12.9%
Wayne51400%$357,500$414,500-13.8%
Naperville20517119.9%$347,000$343,0001.2%
Wheaton95118-19.5%$333,000$273,00022%
Winfield1617-5.9%$331,000$322,0002.8%
Darien43422.4%$315,000$310,0001.6%
* This story only considers sales data for the part of Burr Ridge that is in DuPage County.

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