From January to March, 24 homes sold in Lynwood for a median price of $171,000. That's 22.4 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, 8 homes in Lynwood were in foreclosure.
Median property tax for homeowners in Lynwood was $5,733.58 in 2017 according to tax data from that year. That means homeowners pay 4.1 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.
Lynwood real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
14
$257,400
-
2010
29
$204,060
-20.7%
2011
13
$192,100
-5.9%
2012
24
$98,645
-48.6%
2013
36
$99,090
0.5%
2014
27
$140,450
41.7%
2015
28
$112,890
-19.6%
2016
29
$129,150
14.4%
2017
29
$139,740
8.2%
2018
24
$171,000
22.4%
Median property tax
Median sale price
Effective property tax rate
2009
$6,984.15
$257,400
2.7%
2010
$6,200.34
$204,060
3%
2011
$5,543.59
$192,100
2.9%
2012
$4,353.08
$98,645
4.4%
2013
$5,114.16
$99,090
5.2%
2014
$6,644.59
$140,450
4.7%
2015
$4,707.27
$112,890
4.2%
2016
$5,164.98
$129,150
4%
2017
$5,733.58
$139,740
4.1%
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