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Saturday, April 20, 2024

Q2 real estate sales report: Mayfair

Realestate077

Median prices declined in Mayfair over last year, and are up 19.1 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 28 homes sold in Mayfair for a median price of $317,000. That's 11.7 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in Mayfair.

Median property tax for homeowners in Mayfair was $5,234.93 in 2017 according to tax data from that year. That means homeowners pay 1.5 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.

Mayfair real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
13
$266,175
-
2010
20
$245,100
-7.9%
2011
12
$144,640
-41%
2012
20
$212,550
47%
2013
27
$259,200
21.9%
2014
21
$333,900
28.8%
2015
20
$288,585
-13.6%
2016
29
$279,825
-3%
2017
31
$359,040
28.3%
2018
28
$317,000
-11.7%

Median property tax
Median sale price
Effective property tax rate
2009
$5,541.69
$266,175
2.1%
2010
$4,876.04
$245,100
2%
2011
$4,498.19
$144,640
3.1%
2012
$4,531.50
$212,550
2.1%
2013
$4,580.71
$259,200
1.8%
2014
$5,831.60
$333,900
1.7%
2015
$5,131.07
$288,585
1.8%
2016
$4,973.01
$279,825
1.8%
2017
$5,234.92
$359,040
1.5%

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