From January to March, 46 homes sold in Gage Park for a median price of $122,500. That's 18.6 percent lower than median home sale prices for the first quarter of 2017.
In the first quarter, 10 homes in Gage Park were in foreclosure.
Median property tax for homeowners in Gage Park was $2,144.77 in 2016 according to tax data from that year. That means homeowners pay 1.7 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.
Gage Park real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
40
$84,825
-
2010
51
$96,900
14.2%
2011
50
$90,400
-6.7%
2012
57
$76,300
-15.6%
2013
48
$66,420
-12.9%
2014
47
$81,090
22.1%
2015
46
$101,760
25.5%
2016
40
$126,000
23.8%
2017
44
$150,450
19.4%
2018
46
$122,500
-18.6%
Median property tax
Median sale price
Effective property tax rate
2009
$2,582.44
$84,825
3%
2010
$2,878.13
$96,900
3%
2011
$2,745.64
$90,400
3%
2012
$2,043.27
$76,300
2.7%
2013
$1,967.11
$66,420
3%
2014
$2,147.90
$81,090
2.6%
2015
$2,211.15
$101,760
2.2%
2016
$2,144.76
$126,000
1.7%
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