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Chicago City Wire

Friday, February 21, 2020

Q3 real estate sales report: Gresham

Real Estate

By Local Labs News Service | Feb 27, 2019

Re 14

Median prices declined in Gresham over last year, and are up 119.2 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 159 homes sold in Gresham for a median price of $100,000. That's 2 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, 36 homes in Gresham were in foreclosure.

Median property tax for homeowners in Gresham was $2,560.39 in 2017 according to tax data from that year. That means homeowners pay 2.5 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.

Gresham real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
90
$45,630
-
2010
110
$57,000
24.9%
2011
94
$50,850
-10.8%
2012
110
$52,593
3.4%
2013
128
$54,000
2.7%
2014
119
$47,700
-11.7%
2015
122
$58,035
21.7%
2016
148
$63,525
9.5%
2017
153
$102,000
60.6%
2018
159
$100,000
-2%

Median property tax
Median sale price
Effective property tax rate
2009
$2,297.14
$45,630
5%
2010
$2,317.79
$57,000
4.1%
2011
$2,265.44
$50,850
4.5%
2012
$2,073.61
$52,593
3.9%
2013
$2,145.75
$54,000
4%
2014
$2,070.55
$47,700
4.3%
2015
$2,306.04
$58,035
4%
2016
$2,485.14
$63,525
3.9%
2017
$2,560.38
$102,000
2.5%

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