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Wednesday, April 24, 2024

Q3 real estate sales report: Western Springs

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Median prices declined in Western Springs over last year, and are up 11.6 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 64 homes sold in Western Springs for a median price of $590,000. That's 4.8 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, there were no foreclosures in Western Springs.

Median property tax for homeowners in Western Springs was $11,046.24 in 2017 according to tax data from that year. That means homeowners pay 1.8 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.

Western Springs real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
45
$528,840
-
2010
43
$564,300
6.7%
2011
44
$515,280
-8.7%
2012
59
$485,050
-5.9%
2013
82
$528,660
9%
2014
62
$599,430
13.4%
2015
63
$556,500
-7.2%
2016
95
$509,250
-8.5%
2017
70
$619,650
21.7%
2018
64
$590,000
-4.8%

Median property tax
Median sale price
Effective property tax rate
2009
$10,222.69
$528,840
1.9%
2010
$9,733.09
$564,300
1.7%
2011
$10,382.20
$515,280
2%
2012
$9,569.67
$485,050
2%
2013
$9,604.95
$528,660
1.8%
2014
$9,416.13
$599,430
1.6%
2015
$10,296.05
$556,500
1.9%
2016
$9,698.97
$509,250
1.9%
2017
$11,046.24
$619,650
1.8%

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