Will County Gazette

Will County Gazette

Tuesday, April 7, 2020

Q1 real estate sales report: Lincoln Estates

Real Estate

By Local Labs News Service | Jul 9, 2018

Re 10

Median prices declined in Lincoln Estates over last year, and are down 42.1 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 2 homes sold in Lincoln Estates for a median price of $200,000. That's 14 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in Lincoln Estates.

Median property tax for homeowners in Lincoln Estates was $0 in 2017 according to tax data from that year. That means homeowners pay 0 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.

Lincoln Estates real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
2
$345,150
-
2011
1
$248,600
-28%
2012
3
$245,250
-1.3%
2014
3
$319,060
30.1%
2015
1
$37,100
-88.4%
2016
2
$110,985
199.2%
2017
1
$232,560
109.5%
2018
2
$200,000
-14%

Median property tax
Median sale price
Effective property tax rate
2011
$8,204.18
$248,600
3.3%
2012
$7,136.68
$245,250
2.9%
2014
$7,204.73
$319,060
2.3%
2015
$4,593.23
$37,100
12.4%
2016
$4,505.97
$110,985
4.1%
2017
$0
$232,560
0%

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