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Chicago City Wire

Wednesday, April 24, 2024

Q2 real estate sales report: Hyde Park

Realestate3

Median prices rose in Hyde Park over last year, and are down 3.5 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 79 homes sold in Hyde Park for a median price of $244,000. That's 5.8 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 4 homes in Hyde Park were in foreclosure.

Median property tax for homeowners in Hyde Park was $3,940.23 in 2017 according to tax data from that year. That means homeowners pay 1.7 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Hyde Park real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
33
$252,720
-
2010
37
$313,500
24.1%
2011
36
$146,053
-53.4%
2012
45
$239,800
64.2%
2013
61
$165,240
-31.1%
2014
57
$159,000
-3.8%
2015
67
$232,140
46%
2016
65
$253,050
9%
2017
86
$230,520
-8.9%
2018
79
$244,000
5.8%

Median property tax
Median sale price
Effective property tax rate
2009
$3,007.95
$252,720
1.2%
2010
$4,446.42
$313,500
1.4%
2011
$3,487.89
$146,053
2.4%
2012
$3,458.55
$239,800
1.4%
2013
$2,787.98
$165,240
1.7%
2014
$2,601.39
$159,000
1.6%
2015
$3,837.79
$232,140
1.7%
2016
$3,315.01
$253,050
1.3%
2017
$3,940.22
$230,520
1.7%

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