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Chicago City Wire

Friday, April 26, 2024

Q1 real estate sales report: North Center

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Median prices declined in North Center over last year, and are up 4.3 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 63 homes sold in North Center for a median price of $610,000. That's 10.3 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in North Center.

Median property tax for homeowners in North Center was $8,423.06 in 2016 according to tax data from that year. That means homeowners pay 1.5 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.

North Center real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
27
$585,000
-
2010
59
$454,860
-22.2%
2011
48
$525,450
15.5%
2012
43
$454,530
-13.5%
2013
33
$437,400
-3.8%
2014
43
$694,300
58.7%
2015
63
$450,500
-35.1%
2016
52
$548,625
21.8%
2017
57
$680,340
24%
2018
63
$610,000
-10.3%

Median property tax
Median sale price
Effective property tax rate
2009
$6,061.29
$585,000
1%
2010
$7,039.52
$454,860
1.5%
2011
$9,294.34
$525,450
1.8%
2012
$8,926.83
$454,530
2%
2013
$7,615.70
$437,400
1.7%
2014
$8,361.73
$694,300
1.2%
2015
$10,670.17
$450,500
2.4%
2016
$8,423.05
$548,625
1.5%

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