From October to December, 14 homes sold in Channel Lake for a median price of $130,725. That's 19.9 percent lower than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, there were no foreclosures in Channel Lake.
Median property tax for homeowners in Channel Lake was $4,661.57 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 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Channel Lake real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
8
$87,750
-
2010
12
$78,375
-10.7%
2011
4
$55,624
-29%
2012
3
$168,950
203.7%
2013
5
$32,940
-80.5%
2014
3
$63,600
93.1%
2015
9
$128,790
102.5%
2016
7
$120,645
-6.3%
2017
9
$163,200
35.3%
2018
14
$130,725
-19.9%
Median property tax
Median sale price
Effective property tax rate
2009
$2,960.62
$87,750
3.4%
2010
$3,449.22
$78,375
4.4%
2011
$4,017.82
$55,624
7.2%
2012
$4,765.31
$168,950
2.8%
2013
$1,613.58
$32,940
4.9%
2014
$965.87
$63,600
1.5%
2015
$4,231.88
$128,790
3.3%
2016
$5,452.02
$120,645
4.5%
2017
$4,661.56
$163,200
2.9%
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