Quantcast

Chicago City Wire

Saturday, April 20, 2024

Q2 real estate sales report: Austin

Realestate1

Median prices rose in Austin over last year, and are up 180.8 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 185 homes sold in Austin for a median price of $138,000. That's 13.7 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 48 homes in Austin were in foreclosure.

Median property tax for homeowners in Austin was $3,185.91 in 2017 according to tax data from that year. That means homeowners pay 2.6 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.

Austin real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
169
$49,140
-
2010
172
$57,855
17.7%
2011
92
$50,850
-12.1%
2012
96
$49,868
-1.9%
2013
113
$54,000
8.3%
2014
134
$66,780
23.7%
2015
119
$90,100
34.9%
2016
153
$84,000
-6.8%
2017
165
$121,380
44.5%
2018
185
$138,000
13.7%

Median property tax
Median sale price
Effective property tax rate
2009
$3,376.45
$49,140
6.9%
2010
$3,210.74
$57,855
5.5%
2011
$3,137.42
$50,850
6.2%
2012
$2,957.51
$49,868
5.9%
2013
$2,814.17
$54,000
5.2%
2014
$2,694.34
$66,780
4%
2015
$2,929.51
$90,100
3.3%
2016
$3,154.76
$84,000
3.8%
2017
$3,185.90
$121,380
2.6%

MORE NEWS