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Friday, April 19, 2024

Q1 real estate sales report: Montclare

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Median prices rose in Montclare over last year, and are up 56.7 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 40 homes sold in Montclare for a median price of $247,500. That's 9.8 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 7 homes in Montclare were in foreclosure.

Median property tax for homeowners in Montclare was $4,307.80 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.

Montclare real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
14
$157,950
-
2010
27
$199,500
26.3%
2011
41
$171,195
-14.2%
2012
46
$155,598
-9.1%
2013
41
$167,400
7.6%
2014
35
$180,200
7.6%
2015
37
$182,320
1.2%
2016
32
$210,525
15.5%
2017
32
$225,420
7.1%
2018
40
$247,500
9.8%

Median property tax
Median sale price
Effective property tax rate
2009
$4,531.18
$157,950
2.9%
2010
$4,681.76
$199,500
2.3%
2011
$4,254.15
$171,195
2.5%
2012
$3,788.14
$155,598
2.4%
2013
$3,951.15
$167,400
2.4%
2014
$3,818.73
$180,200
2.1%
2015
$4,118.39
$182,320
2.3%
2016
$4,307.80
$210,525
2%

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