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Wednesday, April 8, 2020

Q3 real estate sales report: Arlington Heights

Real Estate

By Local Labs News Service | Feb 11, 2019

Re 14

Median prices declined in Arlington Heights over last year, and are up 9.3 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 382 homes sold in Arlington Heights for a median price of $328,000. That's 4 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, 13 homes in Arlington Heights were in foreclosure.

Median property tax for homeowners in Arlington Heights was $7,740.40 in 2017 according to tax data from that year. That means homeowners pay 2.3 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.

Arlington Heights real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
252
$300,105
-
2010
205
$319,200
6.4%
2011
225
$265,550
-16.8%
2012
292
$277,950
4.7%
2013
432
$305,910
10.1%
2014
352
$314,290
2.7%
2015
478
$324,890
3.4%
2016
451
$336,000
3.4%
2017
456
$341,700
1.7%
2018
382
$328,000
-4%

Median property tax
Median sale price
Effective property tax rate
2009
$7,017.27
$300,105
2.3%
2010
$7,155.31
$319,200
2.2%
2011
$6,858.42
$265,550
2.6%
2012
$7,481.74
$277,950
2.7%
2013
$7,042.26
$305,910
2.3%
2014
$6,817.16
$314,290
2.2%
2015
$7,233.55
$324,890
2.2%
2016
$7,509.91
$336,000
2.2%
2017
$7,740.40
$341,700
2.3%

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