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Chicago City Wire

Friday, April 19, 2024

Q1 real estate sales report: Jefferson Park

Realestate3

Median prices rose in Jefferson Park over last year, and are down 1.5 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 69 homes sold in Jefferson Park for a median price of $288,000. That's 6.4 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 5 homes in Jefferson Park were in foreclosure.

Median property tax for homeowners in Jefferson Park was $5,317.12 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.

Jefferson Park real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
32
$292,500
-
2010
50
$273,600
-6.5%
2011
53
$231,650
-15.3%
2012
48
$184,210
-20.5%
2013
66
$182,466
-0.9%
2014
70
$232,670
27.5%
2015
64
$247,775
6.5%
2016
54
$259,613
4.8%
2017
74
$270,555
4.2%
2018
69
$288,000
6.4%

Median property tax
Median sale price
Effective property tax rate
2009
$5,198.01
$292,500
1.8%
2010
$5,186.93
$273,600
1.9%
2011
$5,150.15
$231,650
2.2%
2012
$4,247.47
$184,210
2.3%
2013
$4,177.18
$182,466
2.3%
2014
$4,337.11
$232,670
1.9%
2015
$4,683.54
$247,775
1.9%
2016
$5,317.12
$259,613
2%

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