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Saturday, April 20, 2024

Q2 real estate sales report: Chicago Heights

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Median prices rose in Chicago Heights over last year, and are up 108.8 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 70 homes sold in Chicago Heights for a median price of $85,500. That's 28.5 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 20 homes in Chicago Heights were in foreclosure.

Median property tax for homeowners in Chicago Heights was $4,382.75 in 2017 according to tax data from that year. That means homeowners pay 6.6 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.

Chicago Heights real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
74
$40,950
-
2010
65
$48,450
18.3%
2011
46
$55,370
14.3%
2012
59
$39,240
-29.1%
2013
63
$43,200
10.1%
2014
69
$42,400
-1.9%
2015
51
$42,400
0%
2016
68
$69,038
62.8%
2017
70
$66,555
-3.6%
2018
70
$85,500
28.5%

Median property tax
Median sale price
Effective property tax rate
2009
$4,431.13
$40,950
10.8%
2010
$4,415.68
$48,450
9.1%
2011
$4,474.66
$55,370
8.1%
2012
$3,864.34
$39,240
9.8%
2013
$4,120.07
$43,200
9.5%
2014
$3,418.44
$42,400
8.1%
2015
$4,057.15
$42,400
9.6%
2016
$4,344.68
$69,038
6.3%
2017
$4,382.74
$66,555
6.6%

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