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Tuesday, February 25, 2020

Q1 real estate sales report: McKinley Park

Real Estate

By Local Labs News Service | Aug 10, 2018

Re 13

Median prices rose in McKinley Park over last year, and are down 9.6 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 16 homes sold in McKinley Park for a median price of $218,500. That's 12.2 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 2 homes in McKinley Park were in foreclosure.

Median property tax for homeowners in McKinley Park was $3,730.47 in 2016 according to tax data from that year. That means homeowners pay 2 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.

McKinley Park real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
10
$241,605
-
2010
21
$208,620
-13.7%
2011
21
$146,900
-29.6%
2012
24
$162,955
10.9%
2013
16
$183,870
12.8%
2014
23
$121,900
-33.7%
2015
17
$143,100
17.4%
2016
28
$188,213
31.5%
2017
22
$194,820
3.5%
2018
16
$218,500
12.2%

Median property tax
Median sale price
Effective property tax rate
2009
$4,036.29
$241,605
1.7%
2010
$3,524.03
$208,620
1.7%
2011
$4,056.71
$146,900
2.8%
2012
$3,412.70
$162,955
2.1%
2013
$3,852.62
$183,870
2.1%
2014
$3,251.96
$121,900
2.7%
2015
$3,653.48
$143,100
2.6%
2016
$3,730.47
$188,213
2%

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