From January to March, 5 homes sold in Riverwoods for a median price of $610,000. That's 3.2 percent lower than median home sale prices for the first quarter of 2017.
In the first quarter, there were no foreclosures in Riverwoods.
Median property tax for homeowners in Riverwoods was $13,863.59 in 2017 according to tax data from that year. That means homeowners pay 2.2 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.
Riverwoods real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
3
$702,000
-
2010
11
$530,100
-24.5%
2011
12
$580,255
9.5%
2012
4
$416,026
-28.3%
2013
9
$591,300
42.1%
2014
13
$699,600
18.3%
2015
11
$836,340
19.5%
2016
11
$577,500
-30.9%
2017
18
$629,850
9.1%
2018
5
$610,000
-3.2%
Median property tax
Median sale price
Effective property tax rate
2009
$13,697.72
$702,000
2%
2010
$13,042.75
$530,100
2.5%
2011
$13,957.18
$580,255
2.4%
2012
$10,979.47
$416,026
2.6%
2013
$11,758.16
$591,300
2%
2014
$13,621.08
$699,600
1.9%
2015
$21,253.49
$836,340
2.5%
2016
$15,418.16
$577,500
2.7%
2017
$13,863.59
$629,850
2.2%
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