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Lake County Gazette

Friday, April 26, 2024

Q4 real estate sales report: Lincolnshire

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Median prices declined in Lincolnshire over last year, and are down 23.8 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 30 homes sold in Lincolnshire for a median price of $450,500. That's 8.9 percent lower than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, there were no foreclosures in Lincolnshire.

Median property tax for homeowners in Lincolnshire was $13,024.64 in 2017 according to tax data from that year. That means homeowners pay 2.6 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.

Lincolnshire real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
20
$590,850
-
2010
23
$456,000
-22.8%
2011
23
$440,700
-3.4%
2012
31
$408,750
-7.2%
2013
36
$475,200
16.3%
2014
27
$487,070
2.5%
2015
27
$567,100
16.4%
2016
26
$502,294
-11.4%
2017
27
$494,700
-1.5%
2018
30
$450,500
-8.9%

Median property tax
Median sale price
Effective property tax rate
2009
$12,134.07
$590,850
2.1%
2010
$11,618.66
$456,000
2.5%
2011
$10,469.59
$440,700
2.4%
2012
$11,029.39
$408,750
2.7%
2013
$11,714.84
$475,200
2.5%
2014
$10,335.62
$487,070
2.1%
2015
$14,236.01
$567,100
2.5%
2016
$13,902.06
$502,294
2.8%
2017
$13,024.63
$494,700
2.6%

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