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Friday, November 15, 2019

Q1 real estate sales report: Marquette Park

Real Estate

By Local Labs News Service | Jul 23, 2018

Re 11

Median prices rose in Marquette Park over last year, and are up 70.9 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 65 homes sold in Marquette Park for a median price of $120,000. That's 44.8 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 22 homes in Marquette Park were in foreclosure.

Median property tax for homeowners in Marquette Park was $2,401.39 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.

Marquette Park real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
71
$70,200
-
2010
95
$63,270
-9.9%
2011
74
$57,065
-9.8%
2012
73
$54,500
-4.5%
2013
72
$61,560
13%
2014
59
$60,950
-1%
2015
65
$79,500
30.4%
2016
74
$99,488
25.1%
2017
94
$82,875
-16.7%
2018
65
$120,000
44.8%

Median property tax
Median sale price
Effective property tax rate
2009
$3,330.11
$70,200
4.7%
2010
$2,855.36
$63,270
4.5%
2011
$2,621.66
$57,065
4.6%
2012
$2,037.51
$54,500
3.7%
2013
$1,997.46
$61,560
3.2%
2014
$2,182.92
$60,950
3.6%
2015
$2,406.74
$79,500
3%
2016
$2,401.39
$99,488
2.4%

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