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Monday, December 23, 2024

Q4 real estate sales report: Essex

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Median prices rose in Essex over last year, and are up 47.9 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 6 homes sold in Essex for a median price of $173,000. That's 1.3 percent higher than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, there were no foreclosures in Essex.

Median property tax for homeowners in Essex was $2,855.73 in 2017 according to tax data from that year. That means homeowners pay 1.7 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.

Essex real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
3
$117,000
-
2010
1
$77,520
-33.7%
2011
1
$203,400
162.4%
2012
2
$101,915
-49.9%
2013
4
$180,900
77.5%
2014
4
$90,100
-50.2%
2015
1
$149,460
65.9%
2016
5
$208,845
39.7%
2017
11
$170,850
-18.2%
2018
6
$173,000
1.3%

Median property tax
Median sale price
Effective property tax rate
2009
$2,110.53
$117,000
1.8%
2010
$3,841.75
$77,520
5%
2011
$5,525.27
$203,400
2.7%
2012
$3,670.90
$101,915
3.6%
2013
$3,476.05
$180,900
1.9%
2014
$2,243.14
$90,100
2.5%
2015
$2,141.94
$149,460
1.4%
2016
$3,510.42
$208,845
1.7%
2017
$2,855.73
$170,850
1.7%

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