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Friday, April 26, 2024

Q1 real estate sales report: Humboldt Park

Realestate077

Median prices rose in Humboldt Park over last year, and are up 163.3 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 109 homes sold in Humboldt Park for a median price of $315,000. That's 37.3 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 10 homes in Humboldt Park were in foreclosure.

Median property tax for homeowners in Humboldt Park was $3,477.37 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.

Humboldt Park real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
86
$119,633
-
2010
127
$68,400
-42.8%
2011
96
$74,015
8.2%
2012
108
$86,928
17.4%
2013
112
$142,290
63.7%
2014
100
$127,200
-10.6%
2015
104
$242,210
90.4%
2016
99
$177,450
-26.7%
2017
109
$229,500
29.3%
2018
109
$315,000
37.3%

Median property tax
Median sale price
Effective property tax rate
2009
$3,769.67
$119,633
3.2%
2010
$3,666.68
$68,400
5.4%
2011
$4,154.26
$74,015
5.6%
2012
$3,186.17
$86,928
3.7%
2013
$3,419.85
$142,290
2.4%
2014
$2,925.63
$127,200
2.3%
2015
$4,122.15
$242,210
1.7%
2016
$3,477.36
$177,450
2%

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