From October to December, 44 homes sold in Near West Side for a median price of $372,750. That's 6.6 percent lower than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, there were no foreclosures in Near West Side.
Median property tax for homeowners in Near West Side was $5,203.54 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.
Near West Side real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
77
$351,000
-
2010
53
$285,000
-18.8%
2011
71
$237,300
-16.7%
2012
85
$261,600
10.2%
2013
109
$322,920
23.4%
2014
83
$339,200
5%
2015
103
$360,400
6.2%
2016
78
$404,250
12.2%
2017
102
$399,075
-1.3%
2018
44
$372,750
-6.6%
Median property tax
Median sale price
Effective property tax rate
2009
$4,246.87
$351,000
1.2%
2010
$4,099.47
$285,000
1.4%
2011
$3,553.26
$237,300
1.5%
2012
$4,258.34
$261,600
1.6%
2013
$4,161.87
$322,920
1.3%
2014
$3,906.78
$339,200
1.2%
2015
$4,552.44
$360,400
1.3%
2016
$5,205.69
$404,250
1.3%
2017
$5,203.54
$399,075
1.3%
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