Quantcast

Chicago City Wire

Thursday, April 25, 2024

Q3 real estate sales report: West Town

Re 13

Median prices rose in West Town over last year, and are up 30.9 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 96 homes sold in West Town for a median price of $500,000. That's 3.2 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, 1 home in West Town was in foreclosure.

Median property tax for homeowners in West Town was $7,245.67 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.

West Town real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
82
$382,005
-
2010
62
$365,655
-4.3%
2011
70
$319,508
-12.6%
2012
95
$321,550
0.6%
2013
157
$378,000
17.6%
2014
115
$416,580
10.2%
2015
160
$437,250
5%
2016
140
$480,900
10%
2017
121
$484,500
0.7%
2018
96
$500,000
3.2%

Median property tax
Median sale price
Effective property tax rate
2009
$5,323.88
$382,005
1.4%
2010
$5,838.24
$365,655
1.6%
2011
$4,862.74
$319,508
1.5%
2012
$5,498.04
$321,550
1.7%
2013
$5,164.99
$378,000
1.4%
2014
$6,071.51
$416,580
1.5%
2015
$6,658.84
$437,250
1.5%
2016
$7,257.63
$480,900
1.5%
2017
$7,245.67
$484,500
1.5%

MORE NEWS