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Sunday, November 24, 2024

Q4 real estate sales report: Forest Homes

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Median prices rose in Forest Homes over last year, and are down 2.1 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 4 homes sold in Forest Homes for a median price of $42,397. That's 107.8 percent higher than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, there were no foreclosures in Forest Homes.

Median property tax for homeowners in Forest Homes was $497.60 in 2017 according to tax data from that year. That means homeowners pay 2.4 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.

Forest Homes real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
1
$43,290
-
2010
1
$13,680
-68.4%
2012
1
$18,530
35.5%
2013
4
$18,306
-1.2%
2016
2
$32,025
74.9%
2017
1
$20,400
-36.3%
2018
4
$42,397
107.8%

Median property tax
Median sale price
Effective property tax rate
2009
$1,085.94
$43,290
2.5%
2010
$461.28
$13,680
3.4%
2013
$449.25
$18,306
2.5%
2016
$1,071.39
$32,025
3.3%
2017
$497.59
$20,400
2.4%

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