Quantcast

Chicago City Wire

Friday, April 19, 2024

Q2 real estate sales report: University Village / Little Italy

Re 6

Median prices declined in University Village / Little Italy over last year, and are down 2.2 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 56 homes sold in University Village / Little Italy for a median price of $350,000. That's 1.7 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in University Village / Little Italy.

Median property tax for homeowners in University Village / Little Italy was $6,382.35 in 2017 according to tax data from that year. That means homeowners pay 1.8 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.

University Village / Little Italy real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
26
$358,020
-
2010
32
$344,850
-3.7%
2011
13
$339,000
-1.7%
2012
26
$316,100
-6.8%
2013
37
$313,200
-0.9%
2014
35
$341,850
9.1%
2015
49
$315,350
-7.8%
2016
41
$351,750
11.5%
2017
55
$355,980
1.2%
2018
56
$350,000
-1.7%

Median property tax
Median sale price
Effective property tax rate
2009
$4,374.44
$358,020
1.2%
2010
$4,286.71
$344,850
1.2%
2011
$4,848.28
$339,000
1.4%
2012
$5,482.39
$316,100
1.7%
2013
$4,430.23
$313,200
1.4%
2014
$5,029.66
$341,850
1.5%
2015
$5,477.75
$315,350
1.7%
2016
$6,009.22
$351,750
1.7%
2017
$6,382.35
$355,980
1.8%

MORE NEWS