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Friday, April 26, 2024

Q2 real estate sales report: Portage Park

Realestate5

Median prices rose in Portage Park over last year, and are up 19.8 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 211 homes sold in Portage Park for a median price of $320,000. That's 1.2 percent higher than median home sale prices for the second quarter of 2017.

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

Median property tax for homeowners in Portage Park was $5,009.87 in 2017 according to tax data from that year. That means homeowners pay 1.6 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.

Portage Park real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
94
$267,053
-
2010
146
$247,437
-7.3%
2011
142
$179,953
-27.3%
2012
166
$183,120
1.8%
2013
184
$203,580
11.2%
2014
154
$244,860
20.3%
2015
151
$273,480
11.7%
2016
212
$279,825
2.3%
2017
228
$316,200
13%
2018
211
$320,000
1.2%

Median property tax
Median sale price
Effective property tax rate
2009
$5,262.99
$267,053
2%
2010
$5,128.21
$247,437
2.1%
2011
$4,963.71
$179,953
2.8%
2012
$4,060.41
$183,120
2.2%
2013
$4,423.95
$203,580
2.2%
2014
$4,307.62
$244,860
1.8%
2015
$4,490.71
$273,480
1.6%
2016
$4,823.50
$279,825
1.7%
2017
$5,009.86
$316,200
1.6%

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