From January to March, 14 homes sold in O'Hare for a median price of $297,500. That's 57.7 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, there were no foreclosures in O'Hare.
Median property tax for homeowners in O'Hare was $2,840.12 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.
O'Hare real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
8
$156,780
-
2010
18
$88,920
-43.3%
2011
21
$71,190
-19.9%
2012
16
$80,933
13.7%
2013
28
$212,490
162.6%
2014
19
$95,400
-55.1%
2015
19
$270,300
183.3%
2016
27
$186,375
-31%
2017
25
$188,700
1.2%
2018
14
$297,500
57.7%
Median property tax
Median sale price
Effective property tax rate
2009
$2,557.92
$156,780
1.6%
2010
$2,967.69
$88,920
3.3%
2011
$2,149.19
$71,190
3%
2012
$1,742.76
$80,933
2.2%
2013
$4,017.81
$212,490
1.9%
2014
$2,038.94
$95,400
2.1%
2015
$5,328.82
$270,300
2%
2016
$2,840.12
$186,375
1.5%
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