Quantcast

Chicago City Wire

Friday, April 19, 2024

Q2 real estate sales report: East Side

Realestate3

Median prices rose in East Side over last year, and are up 9.9 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 64 homes sold in East Side for a median price of $108,000. That's 8.9 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 15 homes in East Side were in foreclosure.

Median property tax for homeowners in East Side was $2,234.57 in 2017 according to tax data from that year. That means homeowners pay 2.3 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.

East Side real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
22
$98,280
-
2010
30
$83,220
-15.3%
2011
31
$107,350
29%
2012
33
$59,950
-44.2%
2013
35
$61,560
2.7%
2014
26
$83,210
35.2%
2015
38
$80,560
-3.2%
2016
50
$79,275
-1.6%
2017
48
$99,195
25.1%
2018
64
$108,000
8.9%

Median property tax
Median sale price
Effective property tax rate
2009
$2,129.50
$98,280
2.2%
2010
$2,207.58
$83,220
2.7%
2011
$2,449.39
$107,350
2.3%
2012
$1,844.74
$59,950
3.1%
2013
$1,759.83
$61,560
2.9%
2014
$1,930.02
$83,210
2.3%
2015
$1,921.56
$80,560
2.4%
2016
$2,054.37
$79,275
2.6%
2017
$2,234.56
$99,195
2.3%

MORE NEWS