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Wednesday, April 24, 2024

Q2 real estate sales report: Lincolnwood

Realestate4

Median prices declined in Lincolnwood over last year, and are down 10.7 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 45 homes sold in Lincolnwood for a median price of $350,000. That's 1.8 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 3 homes in Lincolnwood were in foreclosure.

Median property tax for homeowners in Lincolnwood was $8,508.79 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.

Lincolnwood real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
23
$391,950
-
2010
34
$292,410
-25.4%
2011
38
$366,685
25.4%
2012
48
$258,330
-29.5%
2013
40
$297,810
15.3%
2014
61
$320,120
7.5%
2015
42
$332,310
3.8%
2016
37
$388,500
16.9%
2017
37
$356,490
-8.2%
2018
45
$350,000
-1.8%

Median property tax
Median sale price
Effective property tax rate
2009
$8,777.49
$391,950
2.2%
2010
$7,855.02
$292,410
2.7%
2011
$8,486.02
$366,685
2.3%
2012
$7,389.51
$258,330
2.9%
2013
$6,493.01
$297,810
2.2%
2014
$7,488.99
$320,120
2.3%
2015
$7,186.41
$332,310
2.2%
2016
$9,426.80
$388,500
2.4%
2017
$8,508.78
$356,490
2.4%

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