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Dupage Policy Journal

Thursday, April 25, 2024

Q2 real estate sales report: Addison

Realestate3

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

From April to June, 69 homes sold in Addison for a median price of $224,000. That's 1.3 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 3 homes in Addison were in foreclosure.

Median property tax for homeowners in Addison was $5,167.47 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.

Addison real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
59
$203,580
-
2010
61
$194,940
-4.2%
2011
71
$163,850
-15.9%
2012
53
$179,305
9.4%
2013
88
$196,560
9.6%
2014
73
$183,380
-6.7%
2015
93
$212,000
15.6%
2016
92
$224,700
6%
2017
128
$226,950
1%
2018
69
$224,000
-1.3%

Median property tax
Median sale price
Effective property tax rate
2011
$4,882.34
$163,850
3%
2012
$4,839.38
$179,305
2.7%
2013
$5,178.35
$196,560
2.6%
2014
$4,798.13
$183,380
2.6%
2015
$5,614.37
$212,000
2.6%
2016
$5,531.30
$224,700
2.5%
2017
$5,167.47
$226,950
2.3%

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