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Dupage Policy Journal

Tuesday, April 23, 2024

Q1 real estate sales report: West Chicago

Realestate2

Median prices declined in West Chicago over last year, and are up 3.4 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 2 homes sold in West Chicago for a median price of $173,000. That's 20 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, 2 homes in West Chicago were in foreclosure.

Median property tax for homeowners in West Chicago was $6,071.58 in 2017 according to tax data from that year. That means homeowners pay 2.8 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.

West Chicago real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
20
$167,310
-
2010
36
$191,520
14.5%
2011
40
$132,493
-30.8%
2012
45
$109,000
-17.7%
2013
44
$130,410
19.6%
2014
36
$143,100
9.7%
2015
38
$182,850
27.8%
2016
46
$201,600
10.3%
2017
34
$216,240
7.3%
2018
2
$173,000
-20%

Median property tax
Median sale price
Effective property tax rate
2011
$5,233.28
$132,493
3.9%
2012
$5,398.37
$109,000
5%
2013
$5,604.22
$130,410
4.3%
2014
$4,992.10
$143,100
3.5%
2015
$5,617.88
$182,850
3.1%
2016
$6,085.25
$201,600
3%
2017
$6,071.58
$216,240
2.8%

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