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Sunday, October 20, 2019

Q3 real estate sales report: The Loop

Real Estate

By Local Labs News Service | Feb 25, 2019


Median prices rose in The Loop over last year, and are down 32.9 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 25 homes sold in The Loop for a median price of $315,000. That's 8.4 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, there were no foreclosures in The Loop.

Median property tax for homeowners in The Loop was $3,618.57 in 2017 according to tax data from that year. That means homeowners pay 1.2 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.

The Loop real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
42
$469,463
-
2010
54
$455,430
-3%
2011
74
$259,053
-43.1%
2012
72
$226,720
-12.5%
2013
26
$228,150
0.6%
2014
19
$235,850
3.4%
2015
39
$262,350
11.2%
2016
37
$336,000
28.1%
2017
42
$290,700
-13.5%
2018
25
$315,000
8.4%

Median property tax
Median sale price
Effective property tax rate
2009
$359.21
$469,463
0.1%
2010
$145.08
$455,430
0%
2011
$1,423.24
$259,053
0.5%
2012
$1,520.16
$226,720
0.7%
2013
$2,161.92
$228,150
0.9%
2014
$2,447.20
$235,850
1%
2015
$3,361.54
$262,350
1.3%
2016
$3,291.23
$336,000
1%
2017
$3,618.56
$290,700
1.2%

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