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Wednesday, April 24, 2024

Q3 real estate sales report: Blue Island

Realestate5

Median prices rose in Blue Island over last year, and are up 55.6 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 63 homes sold in Blue Island for a median price of $142,000. That's 34.5 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, 8 homes in Blue Island were in foreclosure.

Median property tax for homeowners in Blue Island was $3,831.84 in 2017 according to tax data from that year. That means homeowners pay 3.6 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.

Blue Island real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
31
$91,260
-
2010
40
$103,170
13.1%
2011
38
$61,020
-40.9%
2012
31
$47,960
-21.4%
2013
40
$65,880
37.4%
2014
42
$63,600
-3.5%
2015
48
$89,040
40%
2016
63
$99,750
12%
2017
66
$105,570
5.8%
2018
63
$142,000
34.5%

Median property tax
Median sale price
Effective property tax rate
2009
$4,733.08
$91,260
5.2%
2010
$4,197.53
$103,170
4.1%
2011
$3,943.01
$61,020
6.5%
2012
$3,733.60
$47,960
7.8%
2013
$4,100.97
$65,880
6.2%
2014
$3,302.47
$63,600
5.2%
2015
$4,501
$89,040
5.1%
2016
$4,204.97
$99,750
4.2%
2017
$3,831.84
$105,570
3.6%

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