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Dupage Policy Journal

Friday, November 15, 2024

Medinah home prices rise in November 2017

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The median sale price of a home sold in November 2017 in Medinah rose by $2,000 while total sales decreased by 33.3%, according to BlockShopper.com.

In November 2017, there were two homes sold, with a median sale price of $377,000 - a 0.5% increase over the $375,000 median sale price for the same period of the previous year. There were three homes sold in Medinah in November 2016.

The median sales tax in Medinah for 2017 was $6,665.22. In 2016, the median sales tax was $6,450.60. This marks an increase of 3.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

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

CityNov. 2017 Home SalesNov. 2016 Home Sales% change (Total Home Sales)Nov. 2017 Median Sales PriceNov. 2016 Median Sales Price% change (Median Sales Price)
Hinsdale1022-54.5%$827,500$852,000-2.9%
Oak Brook10100%$690,000$582,00018.6%
Burr Ridge67-14.3%$477,500$780,000-38.8%
Glen Ellyn2136-41.7%$393,500$315,00024.9%
Medinah23-33.3%$377,000$375,0000.5%
Wheaton4356-23.2%$365,000$257,50041.7%
Wayne30-$350,000$0-
Winfield57-28.6%$349,000$275,00026.9%
Elmhurst44432.3%$338,500$320,5005.6%
Naperville1129419.1%$332,250$308,5007.7%
Darien272412.5%$307,000$255,00020.4%

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