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Dupage Policy Journal

Thursday, November 7, 2024

Q4 real estate sales report: Westmont

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Median prices rose in Westmont over last year, and are up 6.2 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 71 homes sold in Westmont for a median price of $281,000. That's 6.8 percent higher than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 1 home in Westmont was in foreclosure.

Median property tax for homeowners in Westmont was $4,238.20 in 2017 according to tax data from that year. That means homeowners pay 1.6 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.

Westmont real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
64
$264,713
-
2010
32
$279,585
5.6%
2011
47
$186,450
-33.3%
2012
74
$174,400
-6.5%
2013
80
$248,130
42.3%
2014
68
$251,220
1.2%
2015
73
$263,940
5.1%
2016
88
$223,125
-15.5%
2017
70
$263,160
17.9%
2018
71
$281,000
6.8%

Median property tax
Median sale price
Effective property tax rate
2011
$4,591.19
$186,450
2.5%
2012
$4,409.84
$174,400
2.5%
2013
$4,778.29
$248,130
1.9%
2014
$4,302.22
$251,220
1.7%
2015
$5,050.49
$263,940
1.9%
2016
$4,130.16
$223,125
1.9%
2017
$4,238.20
$263,160
1.6%

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