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Chicago City Wire

Thursday, November 14, 2024

Q1 real estate sales report: Lakeview

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Median prices declined in Lakeview over last year, and are down 1 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 267 homes sold in Lakeview for a median price of $455,000. That's 0.7 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, 8 homes in Lakeview were in foreclosure.

Median property tax for homeowners in Lakeview was $7,215.89 in 2016 according to tax data from that year. That means homeowners pay 1.6 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.

Lakeview real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
133
$459,810
-
2010
182
$445,170
-3.2%
2011
160
$444,090
-0.2%
2012
198
$386,950
-12.9%
2013
219
$421,200
8.9%
2014
222
$444,670
5.6%
2015
221
$466,400
4.9%
2016
245
$455,175
-2.4%
2017
285
$457,980
0.6%
2018
267
$455,000
-0.7%

Median property tax
Median sale price
Effective property tax rate
2009
$5,966.16
$459,810
1.3%
2010
$6,817.45
$445,170
1.5%
2011
$7,275.62
$444,090
1.6%
2012
$6,562.92
$386,950
1.7%
2013
$6,858.74
$421,200
1.6%
2014
$6,378.83
$444,670
1.4%
2015
$7,130.96
$466,400
1.5%
2016
$7,215.89
$455,175
1.6%

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