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Tuesday, November 26, 2024

Q2 real estate sales report: Homewood

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Median prices declined in Homewood over last year, and are down 13.8 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 112 homes sold in Homewood for a median price of $151,250. That's 1.3 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 21 homes in Homewood were in foreclosure.

Median property tax for homeowners in Homewood was $5,887.88 in 2017 according to tax data from that year. That means homeowners pay 3.8 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.

Homewood real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
41
$175,500
-
2010
72
$153,330
-12.6%
2011
45
$106,785
-30.4%
2012
50
$134,615
26.1%
2013
93
$138,240
2.7%
2014
82
$122,960
-11.1%
2015
95
$128,260
4.3%
2016
87
$131,250
2.3%
2017
108
$153,255
16.8%
2018
112
$151,250
-1.3%

Median property tax
Median sale price
Effective property tax rate
2009
$5,777.36
$175,500
3.3%
2010
$5,551.11
$153,330
3.6%
2011
$5,641.05
$106,785
5.3%
2012
$5,146.83
$134,615
3.8%
2013
$5,886.44
$138,240
4.3%
2014
$5,142.27
$122,960
4.2%
2015
$5,329.12
$128,260
4.2%
2016
$5,236.44
$131,250
4%
2017
$5,887.88
$153,255
3.8%

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