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Will County Gazette

Thursday, May 9, 2024

Q3 real estate sales report: Tinley Park

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Median prices rose in Tinley Park over last year, and are down 10.2 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 287 homes sold in Tinley Park for a median price of $207,000. That's 1.5 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, 12 homes in Tinley Park were in foreclosure.

Median property tax for homeowners in Tinley Park was $6,353.21 in 2017 according to tax data from that year. That means homeowners pay 3.1 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.

Tinley Park real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
177
$230,490
-
2010
132
$228,000
-1.1%
2011
138
$192,100
-15.7%
2012
170
$170,585
-11.2%
2013
288
$194,400
14%
2014
270
$203,785
4.8%
2015
308
$196,100
-3.8%
2016
347
$202,650
3.3%
2017
327
$204,000
0.7%
2018
287
$207,000
1.5%

Median property tax
Median sale price
Effective property tax rate
2009
$5,464.12
$230,490
2.4%
2010
$5,898.25
$228,000
2.6%
2011
$5,946.02
$192,100
3.1%
2012
$6,225.81
$170,585
3.6%
2013
$6,184.30
$194,400
3.2%
2014
$6,152.77
$203,785
3%
2015
$6,207.72
$196,100
3.2%
2016
$5,814.43
$202,650
2.9%
2017
$6,353.21
$204,000
3.1%

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