From January to March, 17 homes sold in West Loop for a median price of $356,000. That's 10.5 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, 1 home in West Loop was in foreclosure.
Median property tax for homeowners in West Loop was $4,867.01 in 2016 according to tax data from that year. That means homeowners pay 1.5 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.
West Loop real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
52
$366,795
-
2010
93
$303,810
-17.2%
2011
23
$299,450
-1.4%
2012
29
$267,050
-10.8%
2013
20
$372,600
39.5%
2014
28
$338,140
-9.2%
2015
40
$320,650
-5.2%
2016
29
$315,000
-1.8%
2017
38
$322,065
2.2%
2018
17
$356,000
10.5%
Median property tax
Median sale price
Effective property tax rate
2009
$3,491.74
$366,795
1%
2010
$38.22
$303,810
0%
2011
$2,718.70
$299,450
0.9%
2012
$3,925.03
$267,050
1.5%
2013
$4,237.17
$372,600
1.1%
2014
$4,101.81
$338,140
1.2%
2015
$4,739.18
$320,650
1.5%
2016
$4,867.01
$315,000
1.5%
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