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McHenry Times

Wednesday, November 27, 2024

Q2 real estate sales report: Lakewood

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Median prices declined in Lakewood over last year, and are down 13.3 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 33 homes sold in Lakewood for a median price of $365,000. That's 4.6 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 1 home in Lakewood was in foreclosure.

Median property tax for homeowners in Lakewood was $10,492.56 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 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Lakewood real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
11
$421,200
-
2010
19
$450,870
7%
2011
17
$405,670
-10%
2012
24
$305,200
-24.8%
2013
19
$368,280
20.7%
2014
18
$397,500
7.9%
2015
20
$406,775
2.3%
2016
35
$349,125
-14.2%
2017
33
$382,500
9.6%
2018
33
$365,000
-4.6%

Median property tax
Median sale price
Effective property tax rate
2010
$12,113.68
$450,870
2.7%
2011
$13,004.13
$405,670
3.2%
2012
$10,223.50
$305,200
3.3%
2013
$13,038.17
$368,280
3.5%
2014
$12,047.81
$397,500
3%
2015
$14,723.93
$406,775
3.6%
2016
$10,327.61
$349,125
3%
2017
$10,492.55
$382,500
2.7%

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