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Friday, November 15, 2024

Q2 real estate sales report: Niles

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Median prices declined in Niles over last year, and are down 0.3 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 125 homes sold in Niles for a median price of $280,000. That's 1.1 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 4 homes in Niles were in foreclosure.

Median property tax for homeowners in Niles was $5,637.08 in 2017 according to tax data from that year. That means homeowners pay 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.

Niles real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
43
$280,800
-
2010
86
$247,380
-11.9%
2011
90
$193,795
-21.7%
2012
98
$164,590
-15.1%
2013
103
$205,200
24.7%
2014
99
$225,780
10%
2015
108
$265,000
17.4%
2016
109
$269,850
1.8%
2017
117
$283,050
4.9%
2018
125
$280,000
-1.1%

Median property tax
Median sale price
Effective property tax rate
2009
$5,849.67
$280,800
2.1%
2010
$5,649.58
$247,380
2.3%
2011
$5,672.49
$193,795
2.9%
2012
$4,586.78
$164,590
2.8%
2013
$4,847.08
$205,200
2.4%
2014
$5,138.62
$225,780
2.3%
2015
$5,716.73
$265,000
2.2%
2016
$6,277.90
$269,850
2.3%
2017
$5,637.08
$283,050
2%

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