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Chicago City Wire

Friday, April 26, 2024

Q1 real estate sales report: Irving Park

Realestate4

Median prices rose in Irving Park over last year, and are up 22.9 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 66 homes sold in Irving Park for a median price of $388,250. That's 22 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 2 homes in Irving Park were in foreclosure.

Median property tax for homeowners in Irving Park was $6,058.24 in 2016 according to tax data from that year. That means homeowners pay 2.1 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.

Irving Park real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
25
$315,900
-
2010
61
$262,200
-17%
2011
60
$223,175
-14.9%
2012
66
$153,690
-31.1%
2013
85
$194,400
26.5%
2014
67
$302,100
55.4%
2015
62
$275,070
-8.9%
2016
97
$294,000
6.9%
2017
77
$318,240
8.2%
2018
66
$388,250
22%

Median property tax
Median sale price
Effective property tax rate
2009
$6,330.33
$315,900
2%
2010
$5,809.37
$262,200
2.2%
2011
$5,513.82
$223,175
2.5%
2012
$4,644.11
$153,690
3%
2013
$4,300.77
$194,400
2.2%
2014
$5,625.69
$302,100
1.9%
2015
$5,804.46
$275,070
2.1%
2016
$6,058.23
$294,000
2.1%

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