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Dupage Policy Journal

Friday, April 19, 2024

Q1 real estate sales report: Woodridge

Re 11

Median prices declined in Woodridge over last year, and are up 0.2 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 8 homes sold in Woodridge for a median price of $246,125. That's 13.8 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, 2 homes in Woodridge were in foreclosure.

Median property tax for homeowners in Woodridge was $7,322.54 in 2017 according to tax data from that year. That means homeowners pay 2.6 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.

Woodridge real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
36
$245,700
-
2010
63
$271,320
10.4%
2011
49
$248,600
-8.4%
2012
44
$170,040
-31.6%
2013
59
$162,000
-4.7%
2014
51
$167,480
3.4%
2015
50
$220,215
31.5%
2016
68
$253,575
15.1%
2017
67
$285,600
12.6%
2018
8
$246,125
-13.8%

Median property tax
Median sale price
Effective property tax rate
2011
$6,856.68
$248,600
2.8%
2012
$5,721.49
$170,040
3.4%
2013
$5,827.70
$162,000
3.6%
2014
$5,764.38
$167,480
3.4%
2015
$6,781.71
$220,215
3.1%
2016
$6,646.66
$253,575
2.6%
2017
$7,322.53
$285,600
2.6%

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