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Thursday, April 18, 2024

Q3 real estate sales report: Franklin Park

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Median prices rose in Franklin Park over last year, and are up 25.2 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 75 homes sold in Franklin Park for a median price of $205,000. That's 6.3 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, 10 homes in Franklin Park were in foreclosure.

Median property tax for homeowners in Franklin Park was $6,010.88 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.

Franklin Park real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
43
$163,800
-
2010
42
$171,000
4.4%
2011
48
$143,228
-16.2%
2012
67
$120,990
-15.5%
2013
81
$130,680
8%
2014
70
$153,965
17.8%
2015
70
$164,300
6.7%
2016
79
$177,450
8%
2017
66
$192,780
8.6%
2018
75
$205,000
6.3%

Median property tax
Median sale price
Effective property tax rate
2009
$6,973.85
$163,800
4.3%
2010
$5,899.11
$171,000
3.4%
2011
$6,267.05
$143,228
4.4%
2012
$6,398.14
$120,990
5.3%
2013
$5,517.77
$130,680
4.2%
2014
$5,302.10
$153,965
3.4%
2015
$5,725.01
$164,300
3.5%
2016
$6,582
$177,450
3.7%
2017
$6,010.87
$192,780
3.1%

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