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Friday, April 26, 2024

Q1 real estate sales report: Glencoe

Realestate5

Median prices rose in Glencoe over last year, and are down 15.6 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 33 homes sold in Glencoe for a median price of $810,000. That's 9.5 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 1 home in Glencoe was in foreclosure.

Median property tax for homeowners in Glencoe was $15,412.77 in 2016 according to tax data from that year. That means homeowners pay 2.7 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Glencoe real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
23
$959,400
-
2010
32
$931,950
-2.9%
2011
35
$932,250
0%
2012
28
$655,363
-29.7%
2013
30
$847,800
29.4%
2014
27
$1,018,660
20.2%
2015
23
$906,300
-11%
2016
20
$572,250
-36.9%
2017
27
$739,500
29.2%
2018
33
$810,000
9.5%

Median property tax
Median sale price
Effective property tax rate
2009
$20,355.22
$959,400
2.1%
2010
$16,635.97
$931,950
1.8%
2011
$19,682.14
$932,250
2.1%
2012
$17,113.83
$655,363
2.6%
2013
$19,501.30
$847,800
2.3%
2014
$20,015.21
$1,018,660
2%
2015
$20,111.35
$906,300
2.2%
2016
$15,412.77
$572,250
2.7%

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