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Lake County Gazette

Thursday, April 25, 2024

Q4 real estate sales report: Zion

Realestate1

Median prices rose in Zion over last year, and are up 11.7 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 99 homes sold in Zion for a median price of $117,000. That's 6.2 percent higher than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 9 homes in Zion were in foreclosure.

Median property tax for homeowners in Zion was $5,620.10 in 2017 according to tax data from that year. That means homeowners pay 5.1 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: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
98
$104,715
-
2010
41
$101,460
-3.1%
2011
59
$84,637
-16.6%
2012
63
$56,680
-33%
2013
94
$82,350
45.3%
2014
81
$89,994
9.3%
2015
69
$90,100
0.1%
2016
97
$102,900
14.2%
2017
90
$110,160
7.1%
2018
99
$117,000
6.2%

Median property tax
Median sale price
Effective property tax rate
2009
$5,408.26
$104,715
5.2%
2010
$6,725.33
$101,460
6.6%
2011
$4,868.57
$84,637
5.8%
2012
$5,132.98
$56,680
9.1%
2013
$5,549.75
$82,350
6.7%
2014
$5,006.76
$89,994
5.6%
2015
$5,267.85
$90,100
5.8%
2016
$5,432.65
$102,900
5.3%
2017
$5,620.09
$110,160
5.1%

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