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Tuesday, April 16, 2024

Q2 real estate sales report: Chatham

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Median prices declined in Chatham over last year, and are down 8.9 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 64 homes sold in Chatham for a median price of $154,500. That's 12.4 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in Chatham.

Median property tax for homeowners in Chatham was $3,078.44 in 2017 according to tax data from that year. That means homeowners pay 1.7 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.

Chatham real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
67
$169,650
-
2010
79
$185,820
9.5%
2011
54
$156,449
-15.8%
2012
55
$158,050
1%
2013
53
$152,280
-3.7%
2014
78
$147,319
-3.3%
2015
73
$159,000
7.9%
2016
68
$199,238
25.3%
2017
74
$176,358
-11.5%
2018
64
$154,500
-12.4%

Median property tax
Median sale price
Effective property tax rate
2009
$3,460.22
$169,650
2%
2010
$4,127.21
$185,820
2.2%
2011
$3,319.88
$156,449
2.1%
2012
$3,419.80
$158,050
2.2%
2013
$3,157.03
$152,280
2.1%
2014
$3,414.11
$147,319
2.3%
2015
$3,775.23
$159,000
2.4%
2016
$4,383
$199,238
2.2%
2017
$3,078.44
$176,358
1.7%

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