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Saturday, April 20, 2024

Q1 real estate sales report: Midlothian

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Median prices declined in Midlothian over last year, and are down 3.2 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 55 homes sold in Midlothian for a median price of $132,000. That's 4.1 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, 21 homes in Midlothian were in foreclosure.

Median property tax for homeowners in Midlothian was $4,560.41 in 2016 according to tax data from that year. That means homeowners pay 3.7 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.

Midlothian real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
23
$136,305
-
2010
28
$148,200
8.7%
2011
20
$63,845
-56.9%
2012
29
$90,470
41.7%
2013
51
$86,400
-4.5%
2014
46
$87,715
1.5%
2015
55
$118,720
35.3%
2016
46
$123,638
4.1%
2017
57
$137,700
11.4%
2018
55
$132,000
-4.1%

Median property tax
Median sale price
Effective property tax rate
2009
$4,700.21
$136,305
3.4%
2010
$5,109.02
$148,200
3.4%
2011
$3,643.96
$63,845
5.7%
2012
$3,999.86
$90,470
4.4%
2013
$3,888.14
$86,400
4.5%
2014
$4,230.28
$87,715
4.8%
2015
$4,915.64
$118,720
4.1%
2016
$4,560.41
$123,638
3.7%

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