From October to December, 159 homes sold in Oak Lawn for a median price of $185,000. That's 6.7 percent higher than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, 10 homes in Oak Lawn were in foreclosure.
Median property tax for homeowners in Oak Lawn was $4,660.55 in 2017 according to tax data from that year. That means homeowners pay 2.7 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.
Oak Lawn real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
147
$198,900
-
2010
94
$186,390
-6.3%
2011
147
$153,680
-17.5%
2012
196
$139,248
-9.4%
2013
247
$140,400
0.8%
2014
246
$148,400
5.7%
2015
247
$163,240
10%
2016
240
$163,800
0.3%
2017
260
$173,400
5.9%
2018
159
$185,000
6.7%
Median property tax
Median sale price
Effective property tax rate
2009
$4,740.09
$198,900
2.4%
2010
$4,931.05
$186,390
2.6%
2011
$4,773.92
$153,680
3.1%
2012
$4,500.21
$139,248
3.2%
2013
$4,921.85
$140,400
3.5%
2014
$4,471.10
$148,400
3%
2015
$4,178.82
$163,240
2.6%
2016
$3,963.83
$163,800
2.4%
2017
$4,660.55
$173,400
2.7%
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