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Friday, April 19, 2024

Q3 real estate sales report: Bellwood

Realestate3

Median prices rose in Bellwood over last year, and are up 106.7 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 48 homes sold in Bellwood for a median price of $151,750. That's 1.9 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, 5 homes in Bellwood were in foreclosure.

Median property tax for homeowners in Bellwood was $5,283.33 in 2017 according to tax data from that year. That means homeowners pay 3.5 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.

Bellwood real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
54
$73,418
-
2010
47
$78,090
6.4%
2011
44
$62,150
-20.4%
2012
63
$52,865
-14.9%
2013
69
$67,500
27.7%
2014
70
$96,990
43.7%
2015
83
$107,060
10.4%
2016
72
$136,500
27.5%
2017
78
$148,920
9.1%
2018
48
$151,750
1.9%

Median property tax
Median sale price
Effective property tax rate
2009
$7,413.14
$73,418
10.1%
2010
$6,187.46
$78,090
7.9%
2011
$4,419.92
$62,150
7.1%
2012
$4,456.53
$52,865
8.4%
2013
$4,482.64
$67,500
6.6%
2014
$4,396.94
$96,990
4.5%
2015
$4,240
$107,060
4%
2016
$4,691.62
$136,500
3.4%
2017
$5,283.33
$148,920
3.5%

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