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Friday, April 26, 2024

Q3 real estate sales report: Garfield Ridge

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Median prices rose in Garfield Ridge over last year, and are up 7 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 133 homes sold in Garfield Ridge for a median price of $243,500. That's 8.5 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, 6 homes in Garfield Ridge were in foreclosure.

Median property tax for homeowners in Garfield Ridge was $3,405.77 in 2017 according to tax data from that year. That means homeowners pay 1.5 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.

Garfield Ridge real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
96
$227,565
-
2010
76
$205,200
-9.8%
2011
89
$177,975
-13.3%
2012
102
$153,145
-14%
2013
107
$178,200
16.4%
2014
111
$180,200
1.1%
2015
109
$202,460
12.4%
2016
125
$222,600
9.9%
2017
148
$224,400
0.8%
2018
133
$243,500
8.5%

Median property tax
Median sale price
Effective property tax rate
2009
$3,424.60
$227,565
1.5%
2010
$3,592.60
$205,200
1.8%
2011
$3,584.74
$177,975
2%
2012
$2,763.07
$153,145
1.8%
2013
$2,802.10
$178,200
1.6%
2014
$2,607.83
$180,200
1.4%
2015
$3,119.69
$202,460
1.5%
2016
$3,244.92
$222,600
1.5%
2017
$3,405.76
$224,400
1.5%

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