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Dupage Policy Journal

Monday, November 25, 2024

Lombard home prices rise in August 2017

Realestate3

The median sale price of a home sold in August 2017 in Lombard rose by $2,475 while total sales increased by 2.6%, according to BlockShopper.com.

In August 2017, there were 80 homes sold, with a median sale price of $237,975 - a 1.1% increase over the $235,500 median sale price for the same period of the previous year. There were 78 homes sold in Lombard in August 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 2.4%.

The following table compares Lombard 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)
Medinah61500%$274,000$575,000-52.3%
Bloomingdale473246.9%$265,000$212,50024.7%
Roselle412751.9%$252,000$217,00016.1%
Villa Park503066.7%$241,500$215,00012.3%
Woodridge544228.6%$239,000$243,250-1.7%
Lombard80782.6%$237,975$235,5001.1%
West Chicago36339.1%$232,500$187,00024.3%
Bensenville261573.3%$231,500$190,00021.8%
Addison563847.4%$230,000$232,500-1.1%
Wood Dale231827.8%$229,000$259,000-11.6%
Aurora14711132.4%$224,000$200,00012%

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