From January to March, 93 homes sold in Albany Park for a median price of $260,000. That's 7.9 percent lower than median home sale prices for the first quarter of 2017.
In the first quarter, 5 homes in Albany Park were in foreclosure.
Median property tax for homeowners in Albany Park was $5,156 in 2016 according to tax data from that year. That means homeowners pay 2 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.
Albany Park real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
54
$313,560
-
2010
82
$201,495
-35.7%
2011
78
$184,840
-8.3%
2012
94
$141,155
-23.6%
2013
105
$178,157
26.2%
2014
113
$228,960
28.5%
2015
102
$239,560
4.6%
2016
98
$258,300
7.8%
2017
122
$282,285
9.3%
2018
93
$260,000
-7.9%
Median property tax
Median sale price
Effective property tax rate
2009
$5,264.49
$313,560
1.7%
2010
$4,383.60
$201,495
2.2%
2011
$5,126.53
$184,840
2.8%
2012
$4,032.11
$141,155
2.9%
2013
$4,770.95
$178,157
2.7%
2014
$4,970.78
$228,960
2.2%
2015
$4,973.82
$239,560
2.1%
2016
$5,156
$258,300
2%