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Chicago City Wire

Wednesday, April 24, 2024

Q3 real estate sales report: Austin

Realestate3

Median prices rose in Austin over last year, and are up 175.5 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 178 homes sold in Austin for a median price of $166,000. That's 25.2 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, 44 homes in Austin were in foreclosure.

Median property tax for homeowners in Austin was $3,109.87 in 2017 according to tax data from that year. That means homeowners pay 2.3 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.

Austin real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
187
$60,255
-
2010
149
$57,000
-5.4%
2011
97
$62,150
9%
2012
104
$42,783
-31.2%
2013
123
$64,800
51.5%
2014
109
$81,620
26%
2015
129
$95,400
16.9%
2016
151
$101,850
6.8%
2017
171
$132,600
30.2%
2018
178
$166,000
25.2%

Median property tax
Median sale price
Effective property tax rate
2009
$3,242.03
$60,255
5.4%
2010
$3,232.60
$57,000
5.7%
2011
$3,235.25
$62,150
5.2%
2012
$2,614.53
$42,783
6.1%
2013
$2,697
$64,800
4.2%
2014
$2,801.65
$81,620
3.4%
2015
$2,931.62
$95,400
3.1%
2016
$3,047.86
$101,850
3%
2017
$3,109.86
$132,600
2.3%

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