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Dupage Policy Journal

Sunday, November 17, 2024

Medinah home prices rise in the first quarter of 2019

Realestate5

The median sale price of a home sold in the first quarter of 2019 in Medinah rose by $54,750 while total sales increased by 50%, according to BlockShopper.com.

From January through March of 2019, there were three homes sold, with a median sale price of $380,000 - a 16.8% increase over the $325,250 median sale price for the same period of the previous year. There were two homes sold in Medinah in the first quarter of 2018.

The median sales tax in Medinah for the most recent year with available data, 2017, was $6,674, approximately 1.8% of the median home sale price for the first quarter of 2019.

The following table compares Medinah to other DuPage County cities with similar median sales prices in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Hinsdale543650%$737,500$800,000-7.8%
Oak Brook221822.2%$675,000$519,75029.9%
Burr Ridge211190.9%$570,000$460,00023.9%
Wayne10742.9%$482,500$515,000-6.3%
Medinah3250%$380,000$325,25016.8%
Elmhurst1027929.1%$375,500$365,5002.7%
Clarendon Hills20200%$344,000$416,500-17.4%
Glen Ellyn734369.8%$333,000$420,500-20.8%
Downers Grove13510133.7%$320,000$313,0002.2%
Bolingbrook440%$318,750$248,50028.3%
Naperville2061899%$309,000$335,000-7.8%

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