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Chicago City Wire

Friday, April 19, 2024

Q4 real estate sales report: Chatham

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Median prices declined in Chatham over last year, and are up 29.4 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 30 homes sold in Chatham for a median price of $107,500. That's 34.1 percent lower than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 6 homes in Chatham were in foreclosure.

Median property tax for homeowners in Chatham was $3,169.34 in 2017 according to tax data from that year. That means homeowners pay 1.9 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.

Chatham real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
32
$83,070
-
2010
26
$79,800
-3.9%
2011
31
$90,400
13.3%
2012
29
$58,860
-34.9%
2013
47
$82,620
40.4%
2014
50
$106,530
28.9%
2015
48
$87,450
-17.9%
2016
56
$97,125
11.1%
2017
56
$163,200
68%
2018
30
$107,500
-34.1%

Median property tax
Median sale price
Effective property tax rate
2009
$2,568.88
$83,070
3.1%
2010
$2,615.77
$79,800
3.3%
2011
$2,612.49
$90,400
2.9%
2012
$2,492.50
$58,860
4.2%
2013
$2,275.54
$82,620
2.8%
2014
$2,366.46
$106,530
2.2%
2015
$2,710.99
$87,450
3.1%
2016
$3,046.66
$97,125
3.1%
2017
$3,169.34
$163,200
1.9%

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