From January to March, 58 homes sold in Morgan Park for a median price of $114,250. That's 18.5 percent lower than median home sale prices for the first quarter of 2017.
In the first quarter, 7 homes in Morgan Park were in foreclosure.
Median property tax for homeowners in Morgan Park was $2,862.38 in 2016 according to tax data from that year. That means homeowners pay 1.8 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.
Morgan Park real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
43
$81,900
-
2010
39
$54,150
-33.9%
2011
40
$78,253
44.5%
2012
41
$106,820
36.5%
2013
36
$76,140
-28.7%
2014
43
$74,730
-1.9%
2015
56
$152,110
103.5%
2016
50
$154,875
1.8%
2017
52
$140,250
-9.4%
2018
58
$114,250
-18.5%
Median property tax
Median sale price
Effective property tax rate
2009
$2,166.29
$81,900
2.6%
2010
$2,332.96
$54,150
4.3%
2011
$2,205.10
$78,253
2.8%
2012
$2,313.07
$106,820
2.2%
2013
$2,276.88
$76,140
3%
2014
$2,290.80
$74,730
3.1%
2015
$2,900.24
$152,110
1.9%
2016
$2,862.37
$154,875
1.8%
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