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Chicago City Wire

Friday, April 19, 2024

Q2 real estate sales report: Ravenswood

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Median prices declined in Ravenswood over last year, and are up 1.7 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 124 homes sold in Ravenswood for a median price of $376,500. That's 8.9 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 1 home in Ravenswood was in foreclosure.

Median property tax for homeowners in Ravenswood was $5,907.97 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.

Ravenswood real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
71
$370,305
-
2010
84
$343,140
-7.3%
2011
61
$378,550
10.3%
2012
96
$340,625
-10%
2013
91
$303,480
-10.9%
2014
99
$392,200
29.2%
2015
100
$381,600
-2.7%
2016
101
$369,600
-3.1%
2017
153
$413,100
11.8%
2018
124
$376,500
-8.9%

Median property tax
Median sale price
Effective property tax rate
2009
$5,822.86
$370,305
1.6%
2010
$4,714.58
$343,140
1.4%
2011
$6,264.13
$378,550
1.7%
2012
$5,509.61
$340,625
1.6%
2013
$4,207.91
$303,480
1.4%
2014
$5,683.19
$392,200
1.4%
2015
$6,123.87
$381,600
1.6%
2016
$6,172.40
$369,600
1.7%
2017
$5,907.97
$413,100
1.4%

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