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Monday, November 11, 2019

Q1 real estate sales report: Noble Square

Real Estate

By Local Labs News Service | Aug 16, 2018

Realestate3

Median prices declined in Noble Square over last year, and are up 1.4 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 33 homes sold in Noble Square for a median price of $510,000. That's 6.1 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, 1 home in Noble Square was in foreclosure.

Median property tax for homeowners in Noble Square was $7,329.47 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.

Noble Square real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
7
$503,100
-
2010
18
$394,155
-21.7%
2011
20
$406,800
3.2%
2012
28
$358,338
-11.9%
2013
23
$394,200
10%
2014
19
$397,500
0.8%
2015
21
$419,760
5.6%
2016
37
$493,500
17.6%
2017
34
$543,150
10.1%
2018
33
$510,000
-6.1%

Median property tax
Median sale price
Effective property tax rate
2009
$8,109.07
$503,100
1.6%
2010
$5,188.97
$394,155
1.3%
2011
$6,037.65
$406,800
1.5%
2012
$5,323.61
$358,338
1.5%
2013
$6,378.98
$394,200
1.6%
2014
$5,969.90
$397,500
1.5%
2015
$8,324.58
$419,760
2%
2016
$7,329.47
$493,500
1.5%

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