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Chicago City Wire

Wednesday, April 24, 2024

Q1 real estate sales report: Bridgeport

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Median prices declined in Bridgeport over last year, and are up 9.4 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 Bridgeport for a median price of $350,000. That's 2.5 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, 3 homes in Bridgeport were in foreclosure.

Median property tax for homeowners in Bridgeport was $5,688.88 in 2016 according to tax data from that year. That means homeowners pay 1.9 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.

Bridgeport real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
34
$319,995
-
2010
51
$297,540
-7%
2011
46
$279,110
-6.2%
2012
59
$237,620
-14.9%
2013
63
$227,880
-4.1%
2014
55
$268,180
17.7%
2015
56
$277,190
3.4%
2016
64
$291,900
5.3%
2017
77
$359,040
23%
2018
65
$350,000
-2.5%

Median property tax
Median sale price
Effective property tax rate
2009
$4,884.24
$319,995
1.5%
2010
$4,420.11
$297,540
1.5%
2011
$4,151.83
$279,110
1.5%
2012
$4,399.93
$237,620
1.9%
2013
$4,597.73
$227,880
2%
2014
$4,656.43
$268,180
1.7%
2015
$5,623.92
$277,190
2%
2016
$5,688.87
$291,900
1.9%

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