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Thursday, April 25, 2024

Q3 real estate sales report: Forest Glen

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Median prices declined in Forest Glen over last year, and are down 19.5 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 9 homes sold in Forest Glen for a median price of $185,000. That's 29.7 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, 1 home in Forest Glen was in foreclosure.

Median property tax for homeowners in Forest Glen was $2,849.39 in 2017 according to tax data from that year. That means homeowners pay 1.1 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.

Forest Glen real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
8
$229,905
-
2010
13
$169,860
-26.1%
2011
8
$71,755
-57.8%
2012
13
$39,240
-45.3%
2013
18
$205,200
422.9%
2014
12
$135,150
-34.1%
2015
18
$246,450
82.4%
2016
23
$273,000
10.8%
2017
12
$263,160
-3.6%
2018
9
$185,000
-29.7%

Median property tax
Median sale price
Effective property tax rate
2009
$3,490
$229,905
1.5%
2010
$2,581.32
$169,860
1.5%
2011
$2,269.85
$71,755
3.2%
2012
$1,397.92
$39,240
3.6%
2013
$3,696.81
$205,200
1.8%
2014
$1,835.14
$135,150
1.4%
2015
$4,264.85
$246,450
1.7%
2016
$4,103.77
$273,000
1.5%
2017
$2,849.39
$263,160
1.1%

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