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Lake County Gazette

Friday, April 19, 2024

Q1 real estate sales report: Wadsworth

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Median prices rose in Wadsworth over last year, and are up 43.9 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 11 homes sold in Wadsworth for a median price of $388,000. That's 50.1 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in Wadsworth.

Median property tax for homeowners in Wadsworth was $10,093.45 in 2017 according to tax data from that year. That means homeowners pay 3.9 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Wadsworth real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
2
$269,554
-
2010
3
$193,800
-28.1%
2011
5
$188,032
-3%
2012
12
$287,215
52.7%
2013
5
$266,220
-7.3%
2014
4
$230,550
-13.4%
2015
5
$283,550
23%
2016
12
$312,375
10.2%
2017
10
$258,570
-17.2%
2018
11
$388,000
50.1%

Median property tax
Median sale price
Effective property tax rate
2009
$7,836.30
$269,554
2.9%
2010
$5,136.17
$193,800
2.7%
2011
$6,561.09
$188,032
3.5%
2012
$8,858.54
$287,215
3.1%
2013
$11,112.10
$266,220
4.2%
2014
$8,857.81
$230,550
3.8%
2015
$11,997.31
$283,550
4.2%
2016
$9,240.50
$312,375
3%
2017
$10,093.44
$258,570
3.9%

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