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South Cook News

Wednesday, February 19, 2020

Q3 real estate sales report: Phoenix

Real Estate

By Local Labs News Service | Feb 11, 2019

Re 6

Median prices rose in Phoenix over last year, and are down 47.2 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 2 homes sold in Phoenix for a median price of $27,500. That's 38.3 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, 2 homes in Phoenix were in foreclosure.

Median property tax for homeowners in Phoenix was $3,258.89 in 2017 according to tax data from that year. That means homeowners pay 16.4 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.

Phoenix real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
2
$52,065
-
2010
2
$18,240
-65%
2011
4
$9,605
-47.3%
2012
6
$18,803
95.8%
2013
6
$19,980
6.3%
2014
3
$29,680
48.5%
2015
2
$14,045
-52.7%
2016
6
$23,363
66.3%
2017
2
$19,890
-14.9%
2018
2
$27,500
38.3%

Median property tax
Median sale price
Effective property tax rate
2009
$2,734.13
$52,065
5.3%
2010
$956.50
$18,240
5.2%
2011
$1,600.49
$9,605
16.7%
2012
$2,866.02
$18,803
15.2%
2013
$2,539.91
$19,980
12.7%
2014
$1,205.96
$29,680
4.1%
2015
$2,441.04
$14,045
17.4%
2016
$2,329.47
$23,363
10%
2017
$3,258.89
$19,890
16.4%

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