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Thursday, April 25, 2024

Q1 real estate sales report: Berwyn

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Median prices declined in Berwyn over last year, and are up 17.9 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 158 homes sold in Berwyn for a median price of $200,000. That's 3.4 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, 25 homes in Berwyn were in foreclosure.

Median property tax for homeowners in Berwyn was $5,605.99 in 2016 according to tax data from that year. That means homeowners pay 3.4 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Berwyn real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
69
$169,650
-
2010
135
$148,200
-12.6%
2011
105
$124,300
-16.1%
2012
134
$106,275
-14.5%
2013
169
$111,240
4.7%
2014
163
$128,790
15.8%
2015
143
$159,000
23.5%
2016
152
$165,375
4%
2017
179
$207,060
25.2%
2018
158
$200,000
-3.4%

Median property tax
Median sale price
Effective property tax rate
2009
$6,130.01
$169,650
3.6%
2010
$6,044.17
$148,200
4.1%
2011
$5,375.71
$124,300
4.3%
2012
$5,194.03
$106,275
4.9%
2013
$5,313.63
$111,240
4.8%
2014
$5,649.73
$128,790
4.4%
2015
$5,905.23
$159,000
3.7%
2016
$5,605.99
$165,375
3.4%

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