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Lake County Gazette

Friday, April 19, 2024

Q4 real estate sales report: Waukegan

Realestate2

Median prices rose in Waukegan over last year, and are up 18.8 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 186 homes sold in Waukegan for a median price of $132,000. That's 5.2 percent higher than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 7 homes in Waukegan were in foreclosure.

Median property tax for homeowners in Waukegan was $4,214.09 in 2017 according to tax data from that year. That means homeowners pay 3.4 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.

Waukegan real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
156
$111,150
-
2010
93
$96,900
-12.8%
2011
129
$62,150
-35.9%
2012
171
$69,541
11.9%
2013
217
$70,200
0.9%
2014
190
$90,100
28.3%
2015
169
$96,990
7.6%
2016
190
$115,448
19%
2017
188
$125,460
8.7%
2018
186
$132,000
5.2%

Median property tax
Median sale price
Effective property tax rate
2009
$4,488.08
$111,150
4%
2010
$4,894.80
$96,900
5.1%
2011
$4,161.88
$62,150
6.7%
2012
$4,597.82
$69,541
6.6%
2013
$3,585.55
$70,200
5.1%
2014
$3,600.09
$90,100
4%
2015
$3,407.63
$96,990
3.5%
2016
$3,637.36
$115,448
3.2%
2017
$4,214.08
$125,460
3.4%

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