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Saturday, November 2, 2024

Q2 real estate sales report: West Brooklyn

Realestate2

Median prices declined in West Brooklyn over last year, and are up 98.8 percent over 9 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 1 home sold in West Brooklyn for a price of $255,000. That's 2 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in West Brooklyn.

Median property tax for homeowners in West Brooklyn was $5,342.82 in 2017 according to tax data from that year. That means homeowners pay 2.1 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.

West Brooklyn real estate: Q2 2010-2018
Properties sold
Median sale price
Change in sale price
2010
1
$128,250
-
2011
2
$19,775
-84.6%
2012
1
$21,800
10.2%
2013
1
$11,340
-48%
2014
3
$31,800
180.4%
2015
1
$54,590
71.7%
2016
2
$49,875
-8.6%
2017
3
$260,100
421.5%
2018
1
$255,000
-2%

Median property tax
Median sale price
Effective property tax rate
2010
$1,990.80
$128,250
1.6%
2011
$2,530.86
$19,775
12.8%
2012
$2,528.11
$21,800
11.6%
2013
$1,176.07
$11,340
10.4%
2014
$1,523.85
$31,800
4.8%
2015
$4,613.41
$54,590
8.5%
2016
$3,299.59
$49,875
6.6%
2017
$5,342.82
$260,100
2.1%

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