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Tuesday, April 23, 2024

Q2 real estate sales report: Richton Park

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Median prices rose in Richton Park over last year, and are up 16.2 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 54 homes sold in Richton Park for a median price of $118,250. That's 36 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 20 homes in Richton Park were in foreclosure.

Median property tax for homeowners in Richton Park was $5,091.56 in 2017 according to tax data from that year. That means homeowners pay 5.9 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.

Richton Park real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
39
$101,790
-
2010
38
$106,020
4.2%
2011
34
$93,790
-11.5%
2012
39
$51,775
-44.8%
2013
46
$111,240
114.9%
2014
47
$99,110
-10.9%
2015
26
$62,540
-36.9%
2016
43
$84,525
35.2%
2017
52
$86,955
2.9%
2018
54
$118,250
36%

Median property tax
Median sale price
Effective property tax rate
2009
$5,535.46
$101,790
5.4%
2010
$5,803.70
$106,020
5.5%
2011
$5,347.69
$93,790
5.7%
2012
$4,247.84
$51,775
8.2%
2013
$5,258.08
$111,240
4.7%
2014
$5,179.71
$99,110
5.2%
2015
$4,197.70
$62,540
6.7%
2016
$4,865
$84,525
5.8%
2017
$5,091.56
$86,955
5.9%

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