From July to September, 47 homes sold in West Loop for a median price of $386,000. That's 12.6 percent higher than median home sale prices for the third quarter of 2017.
In the third quarter, 1 home in West Loop was in foreclosure.
Median property tax for homeowners in West Loop was $4,771.43 in 2017 according to tax data from that year. That means homeowners pay 1.4 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 Loop real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
94
$342,810
-
2010
45
$292,980
-14.5%
2011
55
$242,950
-17.1%
2012
22
$337,900
39.1%
2013
43
$313,200
-7.3%
2014
39
$283,550
-9.5%
2015
70
$318,000
12.1%
2016
45
$367,500
15.6%
2017
48
$342,720
-6.7%
2018
47
$386,000
12.6%
Median property tax
Median sale price
Effective property tax rate
2009
$83.37
$342,810
0%
2010
$0
$292,980
0%
2011
$1,068.61
$242,950
0.4%
2012
$4,266.53
$337,900
1.3%
2013
$3,520.97
$313,200
1.1%
2014
$3,320.66
$283,550
1.2%
2015
$4,392.74
$318,000
1.4%
2016
$4,846.83
$367,500
1.3%
2017
$4,771.42
$342,720
1.4%
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