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Chicago City Wire

Friday, April 19, 2024

Q1 real estate sales report: Little Village

Realestate3

Median prices rose in Little Village over last year, and are up 74.7 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 53 homes sold in Little Village for a median price of $139,000. That's 9 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 18 homes in Little Village were in foreclosure.

Median property tax for homeowners in Little Village was $2,992.72 in 2016 according to tax data from that year. That means homeowners pay 3.1 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.

Little Village real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
41
$79,560
-
2010
67
$78,090
-1.8%
2011
49
$67,800
-13.2%
2012
60
$59,678
-12%
2013
61
$56,700
-5%
2014
54
$68,900
21.5%
2015
51
$74,200
7.7%
2016
54
$95,550
28.8%
2017
62
$127,500
33.4%
2018
53
$139,000
9%

Median property tax
Median sale price
Effective property tax rate
2009
$3,240.57
$79,560
4.1%
2010
$3,071.94
$78,090
3.9%
2011
$3,255.40
$67,800
4.8%
2012
$2,793.61
$59,678
4.7%
2013
$2,502.14
$56,700
4.4%
2014
$2,778.02
$68,900
4%
2015
$2,483.74
$74,200
3.3%
2016
$2,992.72
$95,550
3.1%

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