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Tuesday, April 23, 2024

Q2 real estate sales report: Elk Grove Village

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Median prices rose in Elk Grove Village over last year, and are down 2 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 158 homes sold in Elk Grove Village for a median price of $258,500. That's 4.3 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 9 homes in Elk Grove Village were in foreclosure.

Median property tax for homeowners in Elk Grove Village was $5,496.86 in 2017 according to tax data from that year. That means homeowners pay 2.2 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.

Elk Grove Village real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
57
$263,835
-
2010
74
$212,040
-19.6%
2011
88
$183,625
-13.4%
2012
98
$168,950
-8%
2013
112
$189,000
11.9%
2014
110
$219,950
16.4%
2015
123
$232,140
5.5%
2016
147
$231,000
-0.5%
2017
148
$247,860
7.3%
2018
158
$258,500
4.3%

Median property tax
Median sale price
Effective property tax rate
2009
$5,027.86
$263,835
1.9%
2010
$4,791.36
$212,040
2.3%
2011
$5,123.90
$183,625
2.8%
2012
$4,956.21
$168,950
2.9%
2013
$4,945.14
$189,000
2.6%
2014
$5,194.14
$219,950
2.4%
2015
$5,102.19
$232,140
2.2%
2016
$5,612.10
$231,000
2.4%
2017
$5,496.85
$247,860
2.2%

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