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Lake County Gazette

Monday, November 25, 2024

Q2 real estate sales report: Zion

Re 10

Median prices rose in Zion over last year, and are down 2.3 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 111 homes sold in Zion for a median price of $120,000. That's 8.4 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 15 homes in Zion were in foreclosure.

Median property tax for homeowners in Zion was $5,557.40 in 2017 according to tax data from that year. That means homeowners pay 5 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.

Zion real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
82
$122,850
-
2010
75
$111,721
-9.1%
2011
37
$96,050
-14%
2012
55
$49,595
-48.4%
2013
81
$64,800
30.7%
2014
60
$63,123
-2.6%
2015
66
$75,525
19.6%
2016
82
$90,786
20.2%
2017
97
$110,670
21.9%
2018
111
$120,000
8.4%

Median property tax
Median sale price
Effective property tax rate
2009
$5,093.16
$122,850
4.1%
2010
$4,717.66
$111,721
4.2%
2011
$5,073.22
$96,050
5.3%
2012
$3,613.85
$49,595
7.3%
2013
$4,564.98
$64,800
7%
2014
$4,495.39
$63,123
7.1%
2015
$5,025.06
$75,525
6.7%
2016
$5,251.84
$90,786
5.8%
2017
$5,557.39
$110,670
5%

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