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Sunday, January 26, 2020

Q1 real estate sales report: Gages Lake

Real Estate

By Local Labs News Service | Aug 1, 2018

Realestate4

Median prices declined in Gages Lake over last year, and are down 27.3 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 39 homes sold in Gages Lake for a median price of $170,100. That's 7.4 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, 2 homes in Gages Lake were in foreclosure.

Median property tax for homeowners in Gages Lake was $5,361.51 in 2017 according to tax data from that year. That means homeowners pay 2.9 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.

Gages Lake real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
19
$234,000
-
2010
20
$227,430
-2.8%
2011
17
$169,500
-25.5%
2012
24
$149,875
-11.6%
2013
20
$221,400
47.7%
2014
35
$182,320
-17.7%
2015
29
$149,990
-17.7%
2016
44
$165,848
10.6%
2017
31
$183,600
10.7%
2018
39
$170,100
-7.4%

Median property tax
Median sale price
Effective property tax rate
2009
$5,452.43
$234,000
2.3%
2010
$5,664.39
$227,430
2.5%
2011
$4,962.80
$169,500
2.9%
2012
$4,384.38
$149,875
2.9%
2013
$6,891.47
$221,400
3.1%
2014
$4,717.36
$182,320
2.6%
2015
$4,190.38
$149,990
2.8%
2016
$5,090.93
$165,848
3.1%
2017
$5,361.50
$183,600
2.9%

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