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Friday, April 19, 2024

Q3 real estate sales report: Lincoln Park

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Median prices declined in Lincoln Park over last year, and are down 4.6 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 344 homes sold in Lincoln Park for a median price of $530,000. That's 2.9 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, 1 home in Lincoln Park was in foreclosure.

Median property tax for homeowners in Lincoln Park was $8,234.87 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.

Lincoln Park real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
299
$555,750
-
2010
309
$513,000
-7.7%
2011
277
$485,900
-5.3%
2012
431
$519,930
7%
2013
473
$538,920
3.7%
2014
542
$500,055
-7.2%
2015
555
$556,500
11.3%
2016
547
$501,375
-9.9%
2017
436
$545,700
8.8%
2018
344
$530,000
-2.9%

Median property tax
Median sale price
Effective property tax rate
2009
$6,819.16
$555,750
1.2%
2010
$7,054.83
$513,000
1.4%
2011
$7,435.26
$485,900
1.5%
2012
$7,063.73
$519,930
1.4%
2013
$7,361.51
$538,920
1.4%
2014
$6,875.83
$500,055
1.4%
2015
$8,117.71
$556,500
1.5%
2016
$7,658.59
$501,375
1.5%
2017
$8,234.86
$545,700
1.5%

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