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Wednesday, April 24, 2024

Q2 real estate sales report: Oak Park

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Median prices declined in Oak Park over last year, and are down 1.2 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 317 homes sold in Oak Park for a median price of $370,000. That's 0.5 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 14 homes in Oak Park were in foreclosure.

Median property tax for homeowners in Oak Park was $10,373.75 in 2017 according to tax data from that year. That means homeowners pay 2.8 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.

Oak Park real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
136
$374,400
-
2010
189
$336,300
-10.2%
2011
188
$288,150
-14.3%
2012
180
$283,400
-1.6%
2013
238
$338,850
19.6%
2014
249
$363,050
7.1%
2015
239
$402,800
10.9%
2016
334
$388,500
-3.6%
2017
316
$371,790
-4.3%
2018
317
$370,000
-0.5%

Median property tax
Median sale price
Effective property tax rate
2009
$9,571.65
$374,400
2.6%
2010
$9,293.80
$336,300
2.8%
2011
$8,731.47
$288,150
3%
2012
$9,224.15
$283,400
3.3%
2013
$10,054.87
$338,850
3%
2014
$9,854.69
$363,050
2.7%
2015
$10,775
$402,800
2.7%
2016
$11,328.55
$388,500
2.9%
2017
$10,373.74
$371,790
2.8%

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