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Tuesday, April 16, 2024

Q2 real estate sales report: Riverdale

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Median prices declined in Riverdale over last year, and are up 5.2 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 31 homes sold in Riverdale for a median price of $32,000. That's 2 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 10 homes in Riverdale were in foreclosure.

Median property tax for homeowners in Riverdale was $5,229.67 in 2017 according to tax data from that year. That means homeowners pay 16 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.

Riverdale real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
33
$30,420
-
2010
37
$28,500
-6.3%
2011
25
$24,860
-12.8%
2012
29
$21,800
-12.3%
2013
31
$23,760
9%
2014
30
$18,020
-24.2%
2015
20
$27,560
52.9%
2016
28
$28,088
1.9%
2017
21
$32,640
16.2%
2018
31
$32,000
-2%

Median property tax
Median sale price
Effective property tax rate
2009
$5,478.81
$30,420
18%
2010
$5,208.55
$28,500
18.3%
2011
$3,733.15
$24,860
15%
2012
$3,917.88
$21,800
18%
2013
$3,806.54
$23,760
16%
2014
$3,441.07
$18,020
19.1%
2015
$4,007.75
$27,560
14.5%
2016
$5,067.12
$28,088
18%
2017
$5,229.67
$32,640
16%

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