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Monday, February 17, 2020

Q1 real estate sales report: South Loop

Real Estate

By Local Labs News Service | Aug 10, 2018

Re 5

Median prices declined in South Loop over last year, and are down 22.3 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 155 homes sold in South Loop for a median price of $310,000. That's 12.7 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, 5 homes in South Loop were in foreclosure.

Median property tax for homeowners in South Loop was $4,050.02 in 2016 according to tax data from that year. That means homeowners pay 1.3 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.

South Loop real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
171
$398,970
-
2010
151
$320,340
-19.7%
2011
132
$290,128
-9.4%
2012
127
$226,720
-21.9%
2013
147
$232,200
2.4%
2014
162
$313,230
34.9%
2015
138
$305,545
-2.5%
2016
197
$323,925
6%
2017
180
$354,960
9.6%
2018
155
$310,000
-12.7%

Median property tax
Median sale price
Effective property tax rate
2009
$3,682.97
$398,970
0.9%
2010
$3,611.77
$320,340
1.1%
2011
$3,561.73
$290,128
1.2%
2012
$3,122.10
$226,720
1.4%
2013
$3,150.42
$232,200
1.4%
2014
$3,449.58
$313,230
1.1%
2015
$3,602.67
$305,545
1.2%
2016
$4,050.01
$323,925
1.3%

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