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Wednesday, April 24, 2024

Q4 real estate sales report: Burnham

Realestate3

Median prices declined in Burnham over last year, and are down 21.4 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 10 homes sold in Burnham for a median price of $34,500. That's 70.6 percent lower than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 5 homes in Burnham were in foreclosure.

Median property tax for homeowners in Burnham was $5,255.43 in 2017 according to tax data from that year. That means homeowners pay 4.5 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.

Burnham real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
8
$43,875
-
2010
6
$35,910
-18.2%
2011
7
$41,810
16.4%
2012
6
$51,775
23.8%
2013
12
$53,190
2.7%
2014
17
$33,390
-37.2%
2015
6
$25,175
-24.6%
2016
12
$49,088
95%
2017
9
$117,300
139%
2018
10
$34,500
-70.6%

Median property tax
Median sale price
Effective property tax rate
2009
$4,554.79
$43,875
10.4%
2010
$4,053.08
$35,910
11.3%
2011
$3,530.89
$41,810
8.4%
2012
$3,612.40
$51,775
7%
2013
$4,020.43
$53,190
7.6%
2014
$3,099.68
$33,390
9.3%
2015
$3,278.96
$25,175
13%
2016
$2,743.60
$49,088
5.6%
2017
$5,255.42
$117,300
4.5%

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