From January to March, 27 homes sold in Galewood for a median price of $250,000. That's 40.1 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, 7 homes in Galewood were in foreclosure.
Median property tax for homeowners in Galewood was $4,268.54 in 2016 according to tax data from that year. That means homeowners pay 2.4 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.
Galewood real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
15
$196,560
-
2010
40
$186,960
-4.9%
2011
28
$155,375
-16.9%
2012
31
$113,360
-27%
2013
34
$156,060
37.7%
2014
35
$180,730
15.8%
2015
21
$200,340
10.9%
2016
24
$177,188
-11.6%
2017
25
$178,500
0.7%
2018
27
$250,000
40.1%
Median property tax
Median sale price
Effective property tax rate
2009
$4,211.89
$196,560
2.1%
2010
$4,831.51
$186,960
2.6%
2011
$4,711.29
$155,375
3%
2012
$3,523.29
$113,360
3.1%
2013
$4,035.51
$156,060
2.6%
2014
$4,107.17
$180,730
2.3%
2015
$4,549.05
$200,340
2.3%
2016
$4,268.54
$177,188
2.4%
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