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Dupage Policy Journal

Wednesday, April 24, 2024

Lombard home prices rise in the second half of 2017

Realestate2

The median sale price of a home sold in the second half of 2017 in Lombard rose by $3,500 while total sales increased by 5%, according to BlockShopper.com.

From July through December of 2017, there were 400 homes sold, with a median sale price of $235,000 - a 1.5% increase over the $231,500 median sale price for the same period of the previous year. There were 381 homes sold in Lombard in the second half of 2016.

The median sales tax in Lombard for 2017 was $5,642. In 2016, the median sales tax was $5,507. 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 the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Lisle158172-8.1%$263,000$250,5005%
Woodridge207209-1%$257,000$250,0002.8%
St. Charles78-12.5%$243,500$202,50020.2%
Roselle1661603.8%$241,250$232,5003.8%
Villa Park1751646.7%$240,000$208,50015.1%
Lombard4003815%$235,000$231,5001.5%
West Chicago123149-17.4%$230,000$210,0009.5%
Addison211221-4.5%$225,000$207,5008.4%
Aurora547555-1.4%$222,500$199,50011.5%
Carol Stream2572541.2%$220,000$210,0004.8%
Bensenville90900%$218,000$189,50015%

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