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Monday, February 17, 2020

Q4 real estate sales report: Bronzeville

Real Estate

By Local Labs News Service | Apr 13, 2019

Re 8

Median prices rose in Bronzeville over last year, and are up 67.2 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 63 homes sold in Bronzeville for a median price of $225,000. That's 0.7 percent higher than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 3 homes in Bronzeville were in foreclosure.

Median property tax for homeowners in Bronzeville was $3,579.97 in 2017 according to tax data from that year. That means homeowners pay 1.6 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.

Bronzeville real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
80
$134,550
-
2010
57
$102,600
-23.7%
2011
41
$71,190
-30.6%
2012
81
$81,750
14.8%
2013
109
$119,880
46.6%
2014
82
$120,310
0.4%
2015
91
$152,640
26.9%
2016
90
$216,563
41.9%
2017
89
$223,380
3.1%
2018
63
$225,000
0.7%

Median property tax
Median sale price
Effective property tax rate
2009
$3,925.17
$134,550
2.9%
2010
$3,960.67
$102,600
3.9%
2011
$3,467.26
$71,190
4.9%
2012
$2,667.14
$81,750
3.3%
2013
$3,165.84
$119,880
2.6%
2014
$2,998.87
$120,310
2.5%
2015
$2,864.87
$152,640
1.9%
2016
$3,244.23
$216,563
1.5%
2017
$3,579.96
$223,380
1.6%

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