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Saturday, April 20, 2024

Q4 real estate sales report: Uptown

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Median prices declined in Uptown over last year, and are down 41.7 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 101 homes sold in Uptown for a median price of $166,500. That's 42.1 percent lower than median home sale prices for the fourth quarter of 2017.

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

Median property tax for homeowners in Uptown was $3,699.44 in 2017 according to tax data from that year. That means homeowners pay 1.3 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.

Uptown real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
75
$285,480
-
2010
35
$188,100
-34.1%
2011
54
$143,510
-23.7%
2012
97
$214,185
49.2%
2013
104
$211,950
-1%
2014
70
$189,210
-10.7%
2015
82
$239,560
26.6%
2016
109
$301,350
25.8%
2017
99
$287,640
-4.5%
2018
101
$166,500
-42.1%

Median property tax
Median sale price
Effective property tax rate
2009
$3,400
$285,480
1.2%
2010
$3,059.31
$188,100
1.6%
2011
$3,412.04
$143,510
2.4%
2012
$3,858.73
$214,185
1.8%
2013
$3,940.33
$211,950
1.9%
2014
$2,927.86
$189,210
1.5%
2015
$2,859.09
$239,560
1.2%
2016
$4,351.15
$301,350
1.4%
2017
$3,699.43
$287,640
1.3%

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