From January to March, 57 homes sold in Hanover Park for a median price of $175,000. That's 10.7 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, 9 homes in Hanover Park were in foreclosure.
Median property tax for homeowners in Hanover Park was $4,977.89 in 2017 according to tax data from that year. That means homeowners pay 3.1 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.
Hanover Park real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
44
$168,480
-
2010
76
$151,620
-10%
2011
66
$124,300
-18%
2012
87
$123,715
-0.5%
2013
99
$109,620
-11.4%
2014
96
$125,875
14.8%
2015
88
$144,955
15.2%
2016
106
$155,400
7.2%
2017
117
$158,100
1.7%
2018
57
$175,000
10.7%
Median property tax
Median sale price
Effective property tax rate
2009
$5,634.66
$168,480
3.3%
2010
$5,146.16
$151,620
3.4%
2011
$5,335.15
$124,300
4.3%
2012
$5,474.77
$123,715
4.4%
2013
$4,966.02
$109,620
4.5%
2014
$5,097.20
$125,875
4%
2015
$5,356.19
$144,955
3.7%
2016
$5,188.45
$155,400
3.3%
2017
$4,977.88
$158,100
3.1%
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