From January to March, 217 homes sold in Oak Lawn for a median price of $170,000. That's 5.7 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, 24 homes in Oak Lawn were in foreclosure.
Median property tax for homeowners in Oak Lawn was $4,216.07 in 2016 according to tax data from that year. That means homeowners pay 2.9 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.
Oak Lawn real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
66
$192,465
-
2010
125
$182,400
-5.2%
2011
106
$150,855
-17.3%
2012
171
$119,900
-20.5%
2013
181
$115,560
-3.6%
2014
167
$116,600
0.9%
2015
154
$126,670
8.6%
2016
192
$144,113
13.8%
2017
252
$160,905
11.7%
2018
217
$170,000
5.7%
Median property tax
Median sale price
Effective property tax rate
2009
$4,373.75
$192,465
2.3%
2010
$5,272.68
$182,400
2.9%
2011
$4,827.65
$150,855
3.2%
2012
$4,522.33
$119,900
3.8%
2013
$4,628.41
$115,560
4%
2014
$3,853.20
$116,600
3.3%
2015
$4,426.75
$126,670
3.5%
2016
$4,216.07
$144,113
2.9%