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Saturday, April 20, 2024

Q3 real estate sales report: Albany Park

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Median prices rose in Albany Park over last year, and are up 17 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 153 homes sold in Albany Park for a median price of $295,000. That's 3.3 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, 3 homes in Albany Park were in foreclosure.

Median property tax for homeowners in Albany Park was $4,790.14 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: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
116
$252,135
-
2010
83
$233,700
-7.3%
2011
91
$177,410
-24.1%
2012
115
$174,400
-1.7%
2013
161
$226,800
30%
2014
138
$250,160
10.3%
2015
150
$283,020
13.1%
2016
186
$291,375
3%
2017
171
$285,600
-2%
2018
153
$295,000
3.3%

Median property tax
Median sale price
Effective property tax rate
2009
$4,955.32
$252,135
2%
2010
$4,855.71
$233,700
2.1%
2011
$4,489.03
$177,410
2.5%
2012
$4,641.08
$174,400
2.7%
2013
$4,403.16
$226,800
1.9%
2014
$4,481.70
$250,160
1.8%
2015
$4,633.45
$283,020
1.6%
2016
$5,405.31
$291,375
1.9%
2017
$4,790.14
$285,600
1.7%

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