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Saturday, April 20, 2024

Q2 real estate sales report: Albany Park

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Median prices declined in Albany Park over last year, and are up 4.9 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 171 homes sold in Albany Park for a median price of $270,000. That's 11.8 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 14 homes in Albany Park were in foreclosure.

Median property tax for homeowners in Albany Park was $5,216.66 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.

Albany Park real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
83
$257,400
-
2010
125
$235,980
-8.3%
2011
93
$214,700
-9%
2012
108
$183,120
-14.7%
2013
135
$243,540
33%
2014
138
$231,080
-5.1%
2015
137
$292,030
26.4%
2016
181
$279,825
-4.2%
2017
201
$306,000
9.4%
2018
171
$270,000
-11.8%

Median property tax
Median sale price
Effective property tax rate
2009
$4,755.46
$257,400
1.8%
2010
$4,961.95
$235,980
2.1%
2011
$5,204.32
$214,700
2.4%
2012
$3,987.43
$183,120
2.2%
2013
$4,662.31
$243,540
1.9%
2014
$4,703.33
$231,080
2%
2015
$5,305.44
$292,030
1.8%
2016
$4,900.67
$279,825
1.8%
2017
$5,216.65
$306,000
1.7%

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