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South Cook News

Wednesday, November 27, 2024

Q3 real estate sales report: Emerald Acres

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Median prices rose in Emerald Acres over last year, and are down 2.6 percent over 8 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 2 homes sold in Emerald Acres for a median price of $327,500. That's 94.6 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, there were no foreclosures in Emerald Acres.

Median property tax for homeowners in Emerald Acres was $9,929.23 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.

Emerald Acres real estate: Q3 2011-2018
Properties sold
Median sale price
Change in sale price
2011
1
$336,175
-
2016
3
$367,500
9.3%
2017
1
$168,300
-54.2%
2018
2
$327,500
94.6%

Median property tax
Median sale price
Effective property tax rate
2011
$6,177.96
$336,175
1.8%
2016
$7,366.07
$367,500
2%
2017
$9,929.23
$168,300
5.9%

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