From January to March, 8 homes sold in Greektown for a median price of $524,000. That's 41.7 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, there were no foreclosures in Greektown.
Median property tax for homeowners in Greektown was $5,603.05 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.
Greektown real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
8
$365,040
-
2010
3
$417,240
14.3%
2011
16
$255,663
-38.7%
2012
4
$269,503
5.4%
2013
12
$300,780
11.6%
2014
3
$333,900
11%
2015
5
$371,000
11.1%
2016
3
$378,000
1.9%
2017
8
$369,750
-2.2%
2018
8
$524,000
41.7%
Median property tax
Median sale price
Effective property tax rate
2009
$3,508.49
$365,040
1%
2010
$429.97
$417,240
0.1%
2011
$3,749.23
$255,663
1.5%
2012
$4,587.67
$269,503
1.7%
2013
$2,134.31
$300,780
0.7%
2014
$462.36
$333,900
0.1%
2015
$570.89
$371,000
0.2%
2016
$5,603.05
$378,000
1.5%
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