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Friday, April 26, 2024

Q3 real estate sales report: Washington Park

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Median prices rose in Washington Park over last year, and are up 150.7 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 3 homes sold in Washington Park for a median price of $22,000. That's 208.1 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, there were no foreclosures in Washington Park.

Median property tax for homeowners in Washington Park was $1,981.44 in 2016 according to tax data from that year. That means homeowners pay 41.9 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.

Washington Park real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
9
$8,775
-
2010
8
$6,270
-28.5%
2012
7
$3,815
-39.2%
2013
4
$16,200
324.6%
2014
2
$2,120
-86.9%
2015
3
$15,900
650%
2016
4
$4,725
-70.3%
2017
1
$7,140
51.1%
2018
3
$22,000
208.1%

Median property tax
Median sale price
Effective property tax rate
2012
$771.65
$3,815
20.2%
2013
$1,904.31
$16,200
11.8%
2014
$1,662.24
$2,120
78.4%
2015
$181.40
$15,900
1.1%
2016
$1,981.44
$4,725
41.9%

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