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Lake County Gazette

Friday, April 26, 2024

Q2 real estate sales report: Beach Park

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Median prices declined in Beach Park over last year, and are down 14.7 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 49 homes sold in Beach Park for a median price of $157,000. That's 13 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 5 homes in Beach Park were in foreclosure.

Median property tax for homeowners in Beach Park was $5,745.17 in 2017 according to tax data from that year. That means homeowners pay 3.2 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.

Beach Park real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
29
$184,047
-
2010
34
$193,800
5.3%
2011
26
$143,510
-25.9%
2012
37
$149,330
4.1%
2013
38
$134,406
-10%
2014
31
$169,600
26.2%
2015
35
$118,720
-30%
2016
45
$162,632
37%
2017
60
$180,540
11%
2018
49
$157,000
-13%

Median property tax
Median sale price
Effective property tax rate
2009
$5,761.67
$184,047
3.1%
2010
$4,687.82
$193,800
2.4%
2011
$4,393.69
$143,510
3.1%
2012
$5,137.23
$149,330
3.4%
2013
$5,630.74
$134,406
4.2%
2014
$6,276.41
$169,600
3.7%
2015
$5,168.70
$118,720
4.4%
2016
$5,703.08
$162,632
3.5%
2017
$5,745.17
$180,540
3.2%

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