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Chicago City Wire

Thursday, February 27, 2020

Q4 real estate sales report: Lawndale

Real Estate

By Local Labs News Service | Mar 31, 2019

Re 1

Median prices declined in Lawndale over last year, and are up 181.7 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 77 homes sold in Lawndale for a median price of $133,500. That's 4.1 percent lower than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 10 homes in Lawndale were in foreclosure.

Median property tax for homeowners in Lawndale was $3,653.04 in 2017 according to tax data from that year. That means homeowners pay 2.6 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.

Lawndale real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
123
$47,385
-
2010
83
$41,040
-13.4%
2011
72
$49,438
20.5%
2012
86
$40,058
-19%
2013
93
$64,800
61.8%
2014
105
$58,300
-10%
2015
94
$68,900
18.2%
2016
89
$68,250
-0.9%
2017
115
$139,230
104%
2018
77
$133,500
-4.1%

Median property tax
Median sale price
Effective property tax rate
2009
$3,843.91
$47,385
8.1%
2010
$3,679.50
$41,040
9%
2011
$3,627.66
$49,438
7.3%
2012
$3,230.44
$40,058
8.1%
2013
$3,324.26
$64,800
5.1%
2014
$2,819.54
$58,300
4.8%
2015
$3,397.08
$68,900
4.9%
2016
$3,580.59
$68,250
5.2%
2017
$3,653.03
$139,230
2.6%

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