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Dupage Policy Journal

Monday, November 18, 2024

Addison home prices fall in October 2017

Realestate077

The median sale price of a home sold in October 2017 in Addison fell by $24,750 while total sales decreased by 48.9%, according to BlockShopper.com.

In October 2017, there were 24 homes sold, with a median sale price of $185,250 - a 11.8% decrease over the $210,000 median sale price for the same period of the previous year. There were 47 homes sold in Addison in October 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 2.8%.

The following table compares Addison to other DuPage County cities with similar median sales prices in October 2017:

CityOct. 2017 Home SalesOct. 2016 Home Sales% change (Total Home Sales)Oct. 2017 Median Sales PriceOct. 2016 Median Sales Price% change (Median Sales Price)
Willowbrook1115-26.7%$220,000$170,00029.4%
Aurora7278-7.7%$215,000$200,5007.2%
Oakbrook Terrace23-33.3%$201,000$207,000-2.9%
Bensenville14137.7%$199,000$165,00020.6%
Lombard3863-39.7%$198,750$227,000-12.4%
Addison2447-48.9%$185,250$210,000-11.8%
Glendale Heights3246-30.4%$185,000$185,0000%
Wood Dale817-52.9%$180,500$221,000-18.3%
Warrenville1226-53.8%$177,450$206,500-14.1%
York Center37-57.1%$174,900$122,00043.4%
Hanover Park1227-55.6%$152,500$136,00012.1%

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