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Dupage Policy Journal

Monday, November 25, 2024

Addison home prices fall in August 2017

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The median sale price of a home sold in August 2017 in Addison fell by $2,500 while total sales increased by 47.4%, according to BlockShopper.com.

In August 2017, there were 56 homes sold, with a median sale price of $230,000 - a 1.1% decrease over the $232,500 median sale price for the same period of the previous year. There were 38 homes sold in Addison in August 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 2.3%.

The following table compares Addison 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)
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%
Carol Stream605215.4%$220,000$227,500-3.3%
Lisle3940-2.5%$218,000$266,500-18.2%
Hanover Park442763%$191,000$164,00016.5%

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