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South Cook News

Tuesday, April 23, 2024

Q3 real estate sales report: Midlothian

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Median prices declined in Midlothian over last year, and are down 15.5 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 80 homes sold in Midlothian for a median price of $133,500. That's 6.5 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, 7 homes in Midlothian were in foreclosure.

Median property tax for homeowners in Midlothian was $4,746.22 in 2017 according to tax data from that year. That means homeowners pay 3.3 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.

Midlothian real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
33
$157,950
-
2010
20
$116,850
-26%
2011
32
$100,005
-14.4%
2012
39
$95,686
-4.3%
2013
61
$97,200
1.6%
2014
75
$109,180
12.3%
2015
80
$137,800
26.2%
2016
88
$135,450
-1.7%
2017
73
$142,800
5.4%
2018
80
$133,500
-6.5%

Median property tax
Median sale price
Effective property tax rate
2009
$4,176.59
$157,950
2.6%
2010
$4,745.82
$116,850
4.1%
2011
$4,406.90
$100,005
4.4%
2012
$4,057.93
$95,686
4.2%
2013
$4,838.13
$97,200
5%
2014
$4,254.67
$109,180
3.9%
2015
$4,399.83
$137,800
3.2%
2016
$4,513.08
$135,450
3.3%
2017
$4,746.22
$142,800
3.3%

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