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Dupage Policy Journal

Tuesday, November 19, 2024

Q1 real estate sales report: Wheaton

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Median prices declined in Wheaton over last year, and are down 63.3 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 12 homes sold in Wheaton for a median price of $126,600. That's 57.5 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, 1 home in Wheaton was in foreclosure.

Median property tax for homeowners in Wheaton was $6,744.62 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 2.22 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.

Wheaton real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
57
$345,150
-
2010
93
$316,920
-8.2%
2011
74
$310,750
-1.9%
2012
83
$291,575
-6.2%
2013
115
$254,880
-12.6%
2014
126
$268,975
5.5%
2015
133
$254,400
-5.4%
2016
147
$306,075
20.3%
2017
127
$297,840
-2.7%
2018
12
$126,600
-57.5%

Median property tax
Median sale price
Effective property tax rate
2011
$7,019.95
$310,750
2.3%
2012
$6,354.43
$291,575
2.2%
2013
$6,436.34
$254,880
2.5%
2014
$6,301.76
$268,975
2.3%
2015
$6,392.07
$254,400
2.5%
2016
$6,897.09
$306,075
2.3%
2017
$6,744.61
$297,840
2.3%

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