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Chicago City Wire

Friday, April 19, 2024

Q4 real estate sales report: East Side

Realestate5

Median prices declined in East Side over last year, and are down 7.1 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 East Side for a median price of $108,750. That's 14.7 percent lower than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 2 homes in East Side were in foreclosure.

Median property tax for homeowners in East Side was $2,169.76 in 2017 according to tax data from that year. That means homeowners pay 1.7 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.

East Side real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
41
$117,000
-
2010
29
$126,540
8.2%
2011
21
$107,350
-15.2%
2012
44
$62,675
-41.6%
2013
51
$73,440
17.2%
2014
59
$90,100
22.7%
2015
46
$98,050
8.8%
2016
44
$110,250
12.4%
2017
51
$127,500
15.6%
2018
30
$108,750
-14.7%

Median property tax
Median sale price
Effective property tax rate
2009
$2,196.33
$117,000
1.9%
2010
$1,813.01
$126,540
1.4%
2011
$2,190.24
$107,350
2%
2012
$1,746.97
$62,675
2.8%
2013
$1,658.66
$73,440
2.3%
2014
$1,915.26
$90,100
2.1%
2015
$1,833.78
$98,050
1.9%
2016
$2,228.58
$110,250
2%
2017
$2,169.76
$127,500
1.7%

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