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Friday, April 26, 2024

Q1 real estate sales report: Tinley Park

Realestate2

Median prices rose in Tinley Park over last year, and are down 24.4 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 203 homes sold in Tinley Park for a median price of $177,000. That's 0.9 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 23 homes in Tinley Park were in foreclosure.

Median property tax for homeowners in Tinley Park was $0 in 2017 according to tax data from that year. That means homeowners pay 0 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.

Tinley Park real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
77
$234,000
-
2010
96
$226,860
-3.1%
2011
102
$200,010
-11.8%
2012
119
$171,675
-14.2%
2013
166
$177,660
3.5%
2014
137
$164,300
-7.5%
2015
144
$173,840
5.8%
2016
169
$181,125
4.2%
2017
209
$175,440
-3.1%
2018
203
$177,000
0.9%

Median property tax
Median sale price
Effective property tax rate
2009
$6,083.04
$234,000
2.6%
2010
$6,656.91
$226,860
2.9%
2011
$6,260.45
$200,010
3.1%
2012
$5,791.13
$171,675
3.4%
2013
$6,399.99
$177,660
3.6%
2014
$5,981.32
$164,300
3.6%
2015
$6,372.66
$173,840
3.7%
2016
$5,794.12
$181,125
3.2%
2017
$0
$175,440
0%

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