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Friday, April 26, 2024

Q4 real estate sales report: Richton Park

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Median prices rose in Richton Park over last year, and are up 17.2 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 39 homes sold in Richton Park for a median price of $120,000. That's 19.7 percent higher than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 3 homes in Richton Park were in foreclosure.

Median property tax for homeowners in Richton Park was $4,775.30 in 2017 according to tax data from that year. That means homeowners pay 4.8 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.

Richton Park real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
29
$102,375
-
2010
31
$67,260
-34.3%
2011
28
$119,780
78.1%
2012
42
$79,025
-34%
2013
50
$86,940
10%
2014
40
$65,985
-24.1%
2015
52
$80,560
22.1%
2016
41
$105,000
30.3%
2017
58
$100,215
-4.6%
2018
39
$120,000
19.7%

Median property tax
Median sale price
Effective property tax rate
2009
$4,884.51
$102,375
4.8%
2010
$5,091.19
$67,260
7.6%
2011
$5,813.36
$119,780
4.9%
2012
$5,935.45
$79,025
7.5%
2013
$5,153.44
$86,940
5.9%
2014
$4,437.75
$65,985
6.7%
2015
$5,565.22
$80,560
6.9%
2016
$5,483.01
$105,000
5.2%
2017
$4,775.29
$100,215
4.8%

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