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Wednesday, April 24, 2024

Q2 real estate sales report: Midlothian

Realestate2

Median prices rose in Midlothian over last year, and are up 11.5 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 83 homes sold in Midlothian for a median price of $135,000. That's 1 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 9 homes in Midlothian were in foreclosure.

Median property tax for homeowners in Midlothian was $4,624.59 in 2017 according to tax data from that year. That means homeowners pay 3.5 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.

Midlothian real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
25
$121,095
-
2010
50
$155,040
28%
2011
40
$89,835
-42.1%
2012
40
$78,753
-12.3%
2013
49
$89,100
13.1%
2014
50
$95,400
7.1%
2015
68
$98,050
2.8%
2016
52
$111,563
13.8%
2017
57
$133,620
19.8%
2018
83
$135,000
1%

Median property tax
Median sale price
Effective property tax rate
2009
$4,730.70
$121,095
3.9%
2010
$4,319.28
$155,040
2.8%
2011
$4,451.86
$89,835
5%
2012
$4,502.12
$78,753
5.7%
2013
$4,386.96
$89,100
4.9%
2014
$4,271.39
$95,400
4.5%
2015
$4,651.03
$98,050
4.7%
2016
$4,217.70
$111,563
3.8%
2017
$4,624.58
$133,620
3.5%

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