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Saturday, April 20, 2024

Q1 real estate sales report: Port Barrington

Realestate1

Median prices declined in Port Barrington over last year, and are down 3.4 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 7 homes sold in Port Barrington for a median price of $260,500. That's 5.4 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, 1 home in Port Barrington was in foreclosure.

Median property tax for homeowners in Port Barrington was $7,467.85 in 2017 according to tax data from that year. That means homeowners pay 2.7 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Port Barrington real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
2
$269,685
-
2010
4
$260,490
-3.4%
2011
9
$242,950
-6.7%
2012
1
$149,875
-38.3%
2013
4
$314,820
110.1%
2014
5
$233,200
-25.9%
2015
6
$131,440
-43.6%
2016
5
$270,900
106.1%
2017
3
$275,400
1.7%
2018
7
$260,500
-5.4%

Median property tax
Median sale price
Effective property tax rate
2009
$7,720.13
$269,685
2.9%
2010
$6,774.83
$260,490
2.6%
2011
$7,165.28
$242,950
2.9%
2012
$6,503.85
$149,875
4.3%
2013
$8,501.29
$314,820
2.7%
2014
$7,560.22
$233,200
3.2%
2015
$5,351.61
$131,440
4.1%
2016
$9,215.32
$270,900
3.4%
2017
$7,467.84
$275,400
2.7%

Editor's note: This story has been updated to include real estate data for Port Barrington spanning multiple counties.

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