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Dupage Policy Journal

Friday, November 8, 2024

Q4 real estate sales report: Oak Brook

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Median prices declined in Oak Brook over last year, and are down 5 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 29 homes sold in Oak Brook for a median price of $695,000. That's 5 percent lower than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 1 home in Oak Brook was in foreclosure.

Median property tax for homeowners in Oak Brook was $9,574.47 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: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
21
$731,250
-
2010
23
$627,000
-14.3%
2011
15
$745,800
18.9%
2012
30
$782,075
4.9%
2013
37
$864,000
10.5%
2014
25
$710,200
-17.8%
2015
25
$689,000
-3%
2016
28
$729,750
5.9%
2017
28
$731,850
0.3%
2018
29
$695,000
-5%

Median property tax
Median sale price
Effective property tax rate
2011
$12,148.06
$745,800
1.6%
2012
$9,446.75
$782,075
1.2%
2013
$11,051.61
$864,000
1.3%
2014
$7,918.79
$710,200
1.1%
2015
$8,852.39
$689,000
1.3%
2016
$7,805.54
$729,750
1.1%
2017
$9,574.47
$731,850
1.3%

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