From October to December, 45 homes sold in Burr Ridge for a median price of $460,000. That's 14.1 percent lower than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, 2 homes in Burr Ridge were in foreclosure.
Median property tax for homeowners in Burr Ridge was $10,608.58 in 2017 according to tax data from that year. That means homeowners pay 2 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.
Burr Ridge real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
33
$613,080
-
2010
41
$744,420
21.4%
2011
22
$675,175
-9.3%
2012
48
$520,475
-22.9%
2013
50
$599,400
15.2%
2014
57
$508,800
-15.1%
2015
53
$641,830
26.1%
2016
55
$577,500
-10%
2017
41
$535,500
-7.3%
2018
45
$460,000
-14.1%
Median property tax
Median sale price
Effective property tax rate
2009
$7,542.47
$613,080
1.2%
2010
$8,061.56
$744,420
1.1%
2011
$13,800.92
$675,175
2%
2012
$8,449.72
$520,475
1.6%
2013
$6,143.05
$599,400
1%
2014
$7,763.25
$508,800
1.5%
2015
$10,654.92
$641,830
1.7%
2016
$9,219.04
$577,500
1.6%
2017
$10,608.58
$535,500
2%
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