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Chicago City Wire

Monday, November 18, 2019

Q1 real estate sales report: Brighton Park

Real Estate

By Local Labs News Service | Jul 23, 2018

Re 13

Median prices rose in Brighton Park over last year, and are up 2.6 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 55 homes sold in Brighton Park for a median price of $168,000. That's 6.3 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 5 homes in Brighton Park were in foreclosure.

Median property tax for homeowners in Brighton Park was $3,556.28 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.

Brighton Park real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
28
$163,800
-
2010
75
$104,880
-36%
2011
54
$108,480
3.4%
2012
57
$89,380
-17.6%
2013
59
$93,420
4.5%
2014
55
$126,670
35.6%
2015
50
$130,910
3.3%
2016
57
$150,150
14.7%
2017
33
$158,100
5.3%
2018
55
$168,000
6.3%

Median property tax
Median sale price
Effective property tax rate
2009
$3,809.83
$163,800
2.3%
2010
$3,435.93
$104,880
3.3%
2011
$3,319.29
$108,480
3.1%
2012
$2,468.03
$89,380
2.8%
2013
$3,039.97
$93,420
3.3%
2014
$3,090.36
$126,670
2.4%
2015
$3,265.75
$130,910
2.5%
2016
$3,556.27
$150,150
2.4%

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