From October to December, 37 homes sold in Gage Park for a median price of $162,500. That's 2.8 percent higher than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, 6 homes in Gage Park were in foreclosure.
Median property tax for homeowners in Gage Park was $2,361.40 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.
Gage Park real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
54
$77,513
-
2010
53
$86,640
11.8%
2011
34
$87,858
1.4%
2012
66
$70,850
-19.4%
2013
46
$59,400
-16.2%
2014
56
$84,800
42.8%
2015
63
$116,600
37.5%
2016
42
$140,175
20.2%
2017
47
$158,100
12.8%
2018
37
$162,500
2.8%
Median property tax
Median sale price
Effective property tax rate
2009
$2,554.77
$77,513
3.3%
2010
$2,453.33
$86,640
2.8%
2011
$2,458.83
$87,858
2.8%
2012
$1,859.58
$70,850
2.6%
2013
$1,857.22
$59,400
3.1%
2014
$2,149.39
$84,800
2.5%
2015
$2,265.23
$116,600
1.9%
2016
$2,417.26
$140,175
1.7%
2017
$2,361.40
$158,100
1.5%
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