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Dupage Policy Journal

Wednesday, April 24, 2024

Q4 real estate sales report: Lombard

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Median prices rose in Lombard over last year, and are up 0.1 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 152 homes sold in Lombard for a median price of $240,000. That's 4.6 percent higher than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 8 homes in Lombard were in foreclosure.

Median property tax for homeowners in Lombard was $5,227.80 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.

Lombard real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
99
$239,850
-
2010
91
$222,300
-7.3%
2011
97
$179,670
-19.2%
2012
133
$185,300
3.1%
2013
140
$206,010
11.2%
2014
162
$208,820
1.4%
2015
171
$222,600
6.6%
2016
161
$233,100
4.7%
2017
158
$229,500
-1.5%
2018
152
$240,000
4.6%

Median property tax
Median sale price
Effective property tax rate
2011
$5,690.02
$179,670
3.2%
2012
$5,475.20
$185,300
3%
2013
$5,497.27
$206,010
2.7%
2014
$5,142.33
$208,820
2.5%
2015
$5,230.18
$222,600
2.3%
2016
$5,487.84
$233,100
2.4%
2017
$5,227.79
$229,500
2.3%

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