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Chicago City Wire

Tuesday, August 5, 2025

Q2 real estate sales report: Old Town

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Median prices declined in Old Town over last year, and are down 6.3 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 86 homes sold in Old Town for a median price of $320,750. That's 17 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 2 homes in Old Town were in foreclosure.

Median property tax for homeowners in Old Town was $6,322.41 in 2017 according to tax data from that year. That means homeowners pay 1.6 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.

Old Town real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
41
$342,225
-
2010
54
$373,350
9.1%
2011
32
$413,580
10.8%
2012
57
$332,450
-19.6%
2013
71
$248,400
-25.3%
2014
81
$403,860
62.6%
2015
65
$397,500
-1.6%
2016
79
$385,350
-3.1%
2017
86
$386,325
0.3%
2018
86
$320,750
-17%

Median property tax
Median sale price
Effective property tax rate
2009
$4,247.98
$342,225
1.2%
2010
$4,278.28
$373,350
1.1%
2011
$5,880.50
$413,580
1.4%
2012
$4,207.86
$332,450
1.3%
2013
$3,497.51
$248,400
1.4%
2014
$4,907.77
$403,860
1.2%
2015
$5,212.21
$397,500
1.3%
2016
$5,799.53
$385,350
1.5%
2017
$6,322.41
$386,325
1.6%

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