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Dupage Policy Journal

Friday, April 19, 2024

Medinah home prices fall in 2018

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The median sale price of a home sold in 2018 in Medinah fell by $9,500 while total sales decreased by 16.1%, according to BlockShopper.com.

From January through December of 2018, there were 26 homes sold, with a median sale price of $345,500 - a 2.7% decrease over the $355,000 median sale price for the previous year. There were 31 homes sold in Medinah in 2017.

The median sales tax in Medinah for the most recent year with available data, 2017, was $6,665, approximately 1.9% of the median home sale price for 2018.

The following table compares Medinah to other DuPage County cities with similar median sales prices in 2018:

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Wayne3040-25%$455,000$390,00016.7%
Clarendon Hills153192-20.3%$435,000$447,000-2.7%
Elmhurst643812-20.8%$395,000$380,0003.9%
Glen Ellyn375488-23.2%$366,000$375,000-2.4%
Naperville1,4401,711-15.8%$349,000$330,0005.8%
Medinah2631-16.1%$345,500$355,000-2.7%
Downers Grove719964-25.4%$320,000$315,0001.6%
Glenbard South686013.3%$320,000$340,750-6.1%
Wheaton706812-13.1%$320,000$305,0004.9%
Lisle284331-14.2%$317,250$270,00017.5%
Bolingbrook191346.2%$293,500$270,0008.7%

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