Quantcast

South Cook News

Friday, April 19, 2024

Q1 real estate sales report: Lansing

Realestate5

Median prices rose in Lansing over last year, and are down 2.6 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 105 homes sold in Lansing for a median price of $118,500. That's 48.9 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 27 homes in Lansing were in foreclosure.

Median property tax for homeowners in Lansing was $4,529.80 in 2016 according to tax data from that year. That means homeowners pay 5.8 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.

Lansing real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
45
$121,680
-
2010
57
$105,450
-13.3%
2011
43
$96,050
-8.9%
2012
74
$79,025
-17.7%
2013
89
$64,800
-18%
2014
80
$80,560
24.3%
2015
99
$66,780
-17.1%
2016
112
$78,750
17.9%
2017
139
$79,560
1%
2018
105
$118,500
48.9%

Median property tax
Median sale price
Effective property tax rate
2009
$5,022.61
$121,680
4.1%
2010
$4,634.90
$105,450
4.4%
2011
$4,678.90
$96,050
4.9%
2012
$4,079.41
$79,025
5.2%
2013
$4,215.14
$64,800
6.5%
2014
$4,425.45
$80,560
5.5%
2015
$4,355.03
$66,780
6.5%
2016
$4,529.79
$78,750
5.8%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS