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Thursday, April 18, 2024

Q4 real estate sales report: Midlothian

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Median prices rose in Midlothian over last year, and are down 9.7 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 41 homes sold in Midlothian for a median price of $140,000. That's 2.4 percent higher than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 3 homes in Midlothian were in foreclosure.

Median property tax for homeowners in Midlothian was $4,811.12 in 2017 according to tax data from that year. That means homeowners pay 3.5 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.

Midlothian real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
33
$155,025
-
2010
18
$138,225
-10.8%
2011
25
$122,040
-11.7%
2012
49
$97,555
-20.1%
2013
59
$93,420
-4.2%
2014
64
$105,470
12.9%
2015
66
$120,310
14.1%
2016
72
$129,150
7.3%
2017
65
$136,680
5.8%
2018
41
$140,000
2.4%

Median property tax
Median sale price
Effective property tax rate
2009
$4,200.25
$155,025
2.7%
2010
$5,358.55
$138,225
3.9%
2011
$4,408.90
$122,040
3.6%
2012
$4,036.10
$97,555
4.1%
2013
$4,094.23
$93,420
4.4%
2014
$4,071.79
$105,470
3.9%
2015
$3,807.54
$120,310
3.2%
2016
$4,216.51
$129,150
3.3%
2017
$4,811.11
$136,680
3.5%

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