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Wednesday, April 24, 2024

Q1 real estate sales report: Indian Head Park

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Median prices declined in Indian Head Park over last year, and are down 19.6 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 20 homes sold in Indian Head Park for a median price of $205,000. That's 9.7 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, 3 homes in Indian Head Park were in foreclosure.

Median property tax for homeowners in Indian Head Park was $4,577.08 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.

Indian Head Park real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
7
$255,060
-
2010
12
$288,990
13.3%
2011
12
$214,700
-25.7%
2012
15
$210,370
-2%
2013
21
$172,800
-17.9%
2014
25
$242,740
40.5%
2015
16
$201,400
-17%
2016
22
$217,350
7.9%
2017
17
$226,950
4.4%
2018
20
$205,000
-9.7%

Median property tax
Median sale price
Effective property tax rate
2009
$5,163.39
$255,060
2%
2010
$5,298.76
$288,990
1.8%
2011
$3,827.27
$214,700
1.8%
2012
$5,713.57
$210,370
2.7%
2013
$4,804.80
$172,800
2.8%
2014
$5,232.47
$242,740
2.2%
2015
$3,700.54
$201,400
1.8%
2016
$4,577.08
$217,350
2.1%

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