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Dupage Policy Journal

Friday, April 19, 2024

Q3 real estate sales report: Oakbrook Terrace

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Median prices declined in Oakbrook Terrace over last year, and are down 44.1 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 13 homes sold in Oakbrook Terrace for a median price of $265,000. That's 17.5 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, there were no foreclosures in Oakbrook Terrace.

Median property tax for homeowners in Oakbrook Terrace was $5,412.54 in 2017 according to tax data from that year. That means homeowners pay 1.7 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.

Oakbrook Terrace real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
5
$473,850
-
2010
5
$245,100
-48.3%
2011
6
$203,118
-17.1%
2012
6
$378,775
86.5%
2013
12
$315,360
-16.7%
2014
9
$235,320
-25.4%
2015
16
$242,475
3%
2016
10
$226,800
-6.5%
2017
16
$321,300
41.7%
2018
13
$265,000
-17.5%

Median property tax
Median sale price
Effective property tax rate
2011
$3,832.22
$203,118
1.9%
2012
$8,341.61
$378,775
2.2%
2013
$6,310.13
$315,360
2%
2014
$4,899.51
$235,320
2.1%
2015
$3,604.22
$242,475
1.5%
2016
$4,263.35
$226,800
1.9%
2017
$5,412.53
$321,300
1.7%

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