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Friday, April 19, 2024

Q2 real estate sales report: South Chicago Heights

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Median prices declined in South Chicago Heights over last year, and are down 42.8 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 13 homes sold in South Chicago Heights for a median price of $74,000. That's 3.3 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 1 home in South Chicago Heights was in foreclosure.

Median property tax for homeowners in South Chicago Heights was $3,118.78 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 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

South Chicago Heights real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
8
$129,285
-
2010
9
$77,520
-40%
2011
4
$51,415
-33.7%
2012
10
$47,415
-7.8%
2013
12
$48,060
1.4%
2014
12
$96,990
101.8%
2015
10
$40,810
-57.9%
2016
9
$47,250
15.8%
2017
19
$76,500
61.9%
2018
13
$74,000
-3.3%

Median property tax
Median sale price
Effective property tax rate
2009
$3,628.24
$129,285
2.8%
2010
$2,968.71
$77,520
3.8%
2011
$3,349.50
$51,415
6.5%
2012
$3,635.06
$47,415
7.7%
2013
$3,060.02
$48,060
6.4%
2014
$2,944.47
$96,990
3%
2015
$3,048.98
$40,810
7.5%
2016
$3,619.39
$47,250
7.7%
2017
$3,118.78
$76,500
4.1%

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