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Friday, April 19, 2024

Q1 real estate sales report: Hinsdale

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Median prices declined in Hinsdale over last year, and are down 55.5 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 19 homes sold in Hinsdale for a median price of $344,000. That's 61.1 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, 1 home in Hinsdale was in foreclosure.

Median property tax for homeowners in Hinsdale was $15,052.36 in 2017 according to tax data from that year. That means homeowners pay 1.7 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.

Hinsdale real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
36
$772,200
-
2010
50
$835,050
8.1%
2011
48
$1,106,270
32.5%
2012
58
$684,520
-38.1%
2013
65
$901,800
31.7%
2014
71
$662,500
-26.5%
2015
60
$679,195
2.5%
2016
67
$866,250
27.5%
2017
66
$884,340
2.1%
2018
19
$344,000
-61.1%

Median property tax
Median sale price
Effective property tax rate
2009
$15,124.74
$772,200
2%
2010
$13,306.46
$835,050
1.6%
2011
$18,484.55
$1,106,270
1.7%
2012
$10,924.22
$684,520
1.6%
2013
$13,791.03
$901,800
1.5%
2014
$10,193.46
$662,500
1.5%
2015
$12,658.62
$679,195
1.9%
2016
$16,243.52
$866,250
1.9%
2017
$15,052.36
$884,340
1.7%

Editor's note: This story has been updated to include real estate data for Hinsdale spanning multiple counties.

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