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Dupage Policy Journal

Tuesday, April 23, 2024

Q2 real estate sales report: Oak Brook

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Median prices declined in Oak Brook over last year, and are down 26.3 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 32 homes sold in Oak Brook for a median price of $567,500. That's 22.8 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 2 homes in Oak Brook were in foreclosure.

Median property tax for homeowners in Oak Brook was $9,632.87 in 2017 according to tax data from that year. That means homeowners pay 1.3 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.

Oak Brook real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
17
$769,860
-
2010
20
$851,879
10.7%
2011
26
$690,148
-19%
2012
38
$639,013
-7.4%
2013
37
$704,160
10.2%
2014
41
$588,300
-16.5%
2015
32
$771,680
31.2%
2016
36
$768,600
-0.4%
2017
40
$734,655
-4.4%
2018
32
$567,500
-22.8%

Median property tax
Median sale price
Effective property tax rate
2011
$9,381.77
$690,148
1.4%
2012
$8,041.60
$639,013
1.3%
2013
$8,545.75
$704,160
1.2%
2014
$6,506.68
$588,300
1.1%
2015
$10,507.18
$771,680
1.4%
2016
$9,014.36
$768,600
1.2%
2017
$9,632.86
$734,655
1.3%

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