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Friday, February 28, 2020

Q3 real estate sales report: Calumet City

Real Estate

By Local Labs News Service | Feb 6, 2019

Re 1

Median prices rose in Calumet City over last year, and are up 19.2 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 114 homes sold in Calumet City for a median price of $79,500. That's 29.9 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, 33 homes in Calumet City were in foreclosure.

Median property tax for homeowners in Calumet City was $4,404.81 in 2017 according to tax data from that year. That means homeowners pay 7.2 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.

Calumet City real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
93
$66,690
-
2010
93
$62,700
-6%
2011
65
$55,370
-11.7%
2012
79
$33,245
-40%
2013
121
$46,980
41.3%
2014
128
$42,400
-9.7%
2015
124
$53,000
25%
2016
104
$56,700
7%
2017
133
$61,200
7.9%
2018
114
$79,500
29.9%

Median property tax
Median sale price
Effective property tax rate
2009
$5,109.46
$66,690
7.7%
2010
$5,036.90
$62,700
8%
2011
$4,686.35
$55,370
8.5%
2012
$4,484.80
$33,245
13.5%
2013
$4,349.11
$46,980
9.3%
2014
$3,936.08
$42,400
9.3%
2015
$3,942.38
$53,000
7.4%
2016
$4,275.13
$56,700
7.5%
2017
$4,404.80
$61,200
7.2%

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