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Thursday, April 18, 2024

Q2 real estate sales report: Northlake

Realestate5

Median prices declined in Northlake over last year, and are up 4.8 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 42 homes sold in Northlake for a median price of $176,500. That's 1.7 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 7 homes in Northlake were in foreclosure.

Median property tax for homeowners in Northlake was $5,553.85 in 2017 according to tax data from that year. That means homeowners pay 3.1 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.

Northlake real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
14
$168,480
-
2010
41
$125,400
-25.6%
2011
28
$105,090
-16.2%
2012
38
$81,205
-22.7%
2013
39
$84,240
3.7%
2014
38
$109,445
29.9%
2015
24
$143,630
31.2%
2016
25
$192,150
33.8%
2017
38
$179,520
-6.6%
2018
42
$176,500
-1.7%

Median property tax
Median sale price
Effective property tax rate
2009
$6,720
$168,480
4%
2010
$5,443.51
$125,400
4.3%
2011
$5,548.61
$105,090
5.3%
2012
$5,181.76
$81,205
6.4%
2013
$4,586.96
$84,240
5.4%
2014
$4,646.35
$109,445
4.2%
2015
$5,419.66
$143,630
3.8%
2016
$5,631.37
$192,150
2.9%
2017
$5,553.84
$179,520
3.1%

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