River Grove home prices fall in July 2020

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The median sale price of a home sold in July 2020 in River Grove fell by $51,500 while total sales decreased by 75%, according to BlockShopper.com.

In July 2020, there were four homes sold, with a median sale price of $160,000 - a 24.3% decrease over the $211,500 median sale price for the same period of the previous year. There were 16 homes sold in River Grove in July 2019.

The median sales tax in River Grove for the most recent year with available data, 2019, was $5,244, approximately 3.3% of the median home sale price for July 2020.

The following table compares River Grove to other Cook County cities with similar median sales prices in July 2020:

CityJuly 2020 Home SalesJuly 2019 Home Sales% change (Total Home Sales)July 2020 Median Sales PriceJuly 2019 Median Sales Price% change (Median Sales Price)
Lynwood38-62.5%$175,000$181,750-3.7%
Prospect Heights20195.3%$170,000$280,000-39.3%
South Holland1035-71.4%$166,750$160,0004.2%
Justice512-58.3%$163,000$212,750-23.4%
Midlothian731-77.4%$162,500$150,0008.3%
River Grove416-75%$160,000$211,500-24.3%
Richton Park514-64.3%$155,000$129,00020.2%
Hazel Crest1021-52.4%$155,000$85,00082.4%
Hometown16-83.3%$150,000$95,50057.1%
Lansing1944-56.8%$149,000$111,50033.6%
Glenwood1013-23.1%$148,500$88,00068.8%

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