Lake County Gazette

Lake County Gazette

Saturday, December 7, 2019

Q4 real estate sales report: Mundelein

Real Estate

By Local Labs News Service | Apr 1, 2019

Realestate2

Median prices rose in Mundelein over last year, and are down 12.1 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 45 homes sold in Mundelein for a median price of $180,000. That's 7.9 percent higher than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 1 home in Mundelein was in foreclosure.

Median property tax for homeowners in Mundelein was $4,101.84 in 2017 according to tax data from that year. That means homeowners pay 2.5 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.

Mundelein real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
27
$204,750
-
2010
17
$119,700
-41.5%
2011
42
$129,950
8.6%
2012
33
$114,014
-12.3%
2013
56
$123,660
8.5%
2014
38
$148,400
20%
2015
49
$165,254
11.4%
2016
47
$189,000
14.4%
2017
45
$166,770
-11.8%
2018
45
$180,000
7.9%

Median property tax
Median sale price
Effective property tax rate
2009
$5,790.64
$204,750
2.8%
2010
$5,742.05
$119,700
4.8%
2011
$5,663.96
$129,950
4.4%
2012
$5,099.88
$114,014
4.5%
2013
$4,256.80
$123,660
3.4%
2014
$4,241.34
$148,400
2.9%
2015
$4,396.46
$165,254
2.7%
2016
$4,407.02
$189,000
2.3%
2017
$4,101.83
$166,770
2.5%

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