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Chicago City Wire

Tuesday, April 23, 2024

Q1 real estate sales report: North Mayfair

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Median prices rose in North Mayfair over last year, and are up 34.2 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 14 homes sold in North Mayfair for a median price of $329,750. That's 18.6 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 1 home in North Mayfair was in foreclosure.

Median property tax for homeowners in North Mayfair was $5,117.57 in 2016 according to tax data from that year. That means homeowners pay 1.9 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 Mayfair real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
9
$245,700
-
2010
12
$235,410
-4.2%
2011
16
$192,100
-18.4%
2012
8
$159,413
-17%
2013
7
$180,360
13.1%
2014
11
$251,220
39.3%
2015
16
$275,600
9.7%
2016
24
$273,000
-0.9%
2017
11
$277,950
1.8%
2018
14
$329,750
18.6%

Median property tax
Median sale price
Effective property tax rate
2009
$5,041.95
$245,700
2.1%
2010
$5,458.26
$235,410
2.3%
2011
$3,768.44
$192,100
2%
2012
$4,391.92
$159,413
2.8%
2013
$4,419.48
$180,360
2.5%
2014
$4,692
$251,220
1.9%
2015
$4,847.23
$275,600
1.8%
2016
$5,117.57
$273,000
1.9%

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