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Thursday, April 25, 2024

Q1 real estate sales report: Lemont

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Median prices declined in Lemont over last year, and are down 35.5 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 45 homes sold in Lemont for a median price of $283,000. That's 2.6 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, 4 homes in Lemont were in foreclosure.

Median property tax for homeowners in Lemont was $7,590.83 in 2016 according to tax data from that year. That means homeowners pay 2.1 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Lemont real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
17
$438,750
-
2010
31
$356,250
-18.8%
2011
30
$480,815
35%
2012
42
$290,213
-39.6%
2013
44
$263,520
-9.2%
2014
48
$339,200
28.7%
2015
50
$315,880
-6.9%
2016
55
$357,000
13%
2017
50
$290,700
-18.6%
2018
45
$283,000
-2.6%

Median property tax
Median sale price
Effective property tax rate
2009
$7,111.69
$438,750
1.6%
2010
$5,699.79
$356,250
1.6%
2011
$8,702.25
$480,815
1.8%
2012
$6,312.58
$290,213
2.2%
2013
$6,199.15
$263,520
2.4%
2014
$7,308.02
$339,200
2.2%
2015
$6,996.93
$315,880
2.2%
2016
$7,590.82
$357,000
2.1%

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