South Cook News

South Cook News

Sunday, February 23, 2020

Q2 real estate sales report: Summit

Real Estate

By Local Labs News Service | Dec 5, 2018

Re 9

Median prices rose in Summit over last year, and are up 56.5 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 20 homes sold in Summit for a median price of $164,750. That's 15.4 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 2 homes in Summit were in foreclosure.

Median property tax for homeowners in Summit was $6,181.70 in 2017 according to tax data from that year. That means homeowners pay 4.3 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Summit real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
16
$105,300
-
2010
25
$142,500
35.3%
2011
17
$96,050
-32.6%
2012
19
$74,665
-22.3%
2013
23
$64,800
-13.2%
2014
18
$105,040
62.1%
2015
23
$121,900
16.1%
2016
19
$157,500
29.2%
2017
33
$142,800
-9.3%
2018
20
$164,750
15.4%

Median property tax
Median sale price
Effective property tax rate
2009
$6,082.71
$105,300
5.8%
2010
$7,469.80
$142,500
5.2%
2011
$6,229.58
$96,050
6.5%
2012
$5,552.47
$74,665
7.4%
2013
$5,013.45
$64,800
7.7%
2014
$5,821.70
$105,040
5.5%
2015
$6,141.21
$121,900
5%
2016
$5,950.69
$157,500
3.8%
2017
$6,181.69
$142,800
4.3%

Want to get notified whenever we write about Cook County Recorder ?

Sign-up Next time we write about Cook County Recorder, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Cook County Recorder

More News