Falling home prices in Inverness in April

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The median sale price of a home sold in April in Inverness fell by $83,000 while total sales decreased by 73.7 percent, according to BlockShopper.com.

In April, there were five homes sold, with a median sale price of $597,000 - a 12.2 percent decrease from the $680,000 median sale price for the same period of the previous year. There were 19 homes sold in Inverness in April 2021.

The median sales tax in Inverness for the most recent year with available data, 2019, was $12,589, approximately 2.1 percent of the median home sale price for April.

The following table compares Inverness to other Cook County cities with similar median sale prices in April:

CityApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
River Forest339-92.3$672,000$600,00012
Western Springs433-87.9$626,000$625,0000.2
Willow Springs222-90.9$500,000$308,25062.2
Park Ridge11103-89.3$500,000$485,0003.1
Oak Park14168-91.7$492,000$365,00034.8

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