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Chicago City Wire

Thursday, April 18, 2024

Q2 real estate sales report: Big Oaks

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Median prices rose in Big Oaks over last year, and are up 12.8 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 22 homes sold in Big Oaks for a median price of $315,000. That's 10.3 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 2 homes in Big Oaks were in foreclosure.

Median property tax for homeowners in Big Oaks was $4,087.66 in 2017 according to tax data from that year. That means homeowners pay 1.4 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.

Big Oaks real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
10
$279,338
-
2010
16
$284,430
1.8%
2011
9
$254,250
-10.6%
2012
19
$195,110
-23.3%
2013
23
$216,000
10.7%
2014
23
$257,050
19%
2015
20
$273,215
6.3%
2016
22
$311,588
14%
2017
31
$285,600
-8.3%
2018
22
$315,000
10.3%

Median property tax
Median sale price
Effective property tax rate
2009
$4,058.22
$279,338
1.5%
2010
$4,620.46
$284,430
1.6%
2011
$5,033.44
$254,250
2%
2012
$3,645.38
$195,110
1.9%
2013
$4,186.03
$216,000
1.9%
2014
$4,322.38
$257,050
1.7%
2015
$4,597.48
$273,215
1.7%
2016
$4,635.41
$311,588
1.5%
2017
$4,087.66
$285,600
1.4%

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