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Tuesday, April 16, 2024

Q4 real estate sales report: Northlake

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Median prices rose in Northlake over last year, and are up 31.8 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 25 homes sold in Northlake for a median price of $185,000. That's 3.6 percent higher than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 3 homes in Northlake were in foreclosure.

Median property tax for homeowners in Northlake was $5,074.95 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.

Northlake real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
33
$140,400
-
2010
26
$114,285
-18.6%
2011
27
$101,700
-11%
2012
30
$78,480
-22.8%
2013
51
$129,600
65.1%
2014
35
$140,450
8.4%
2015
47
$137,800
-1.9%
2016
42
$181,125
31.4%
2017
55
$178,500
-1.4%
2018
25
$185,000
3.6%

Median property tax
Median sale price
Effective property tax rate
2009
$5,492.34
$140,400
3.9%
2010
$5,759.50
$114,285
5%
2011
$5,616.30
$101,700
5.5%
2012
$5,320.85
$78,480
6.8%
2013
$5,165.91
$129,600
4%
2014
$5,333.25
$140,450
3.8%
2015
$4,996.11
$137,800
3.6%
2016
$5,341.24
$181,125
2.9%
2017
$5,074.94
$178,500
2.8%

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