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Will County Gazette

Tuesday, April 23, 2024

Q1 real estate sales report: Braidwood

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Median prices rose in Braidwood over last year, and are up 1.6 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 12 homes sold in Braidwood for a median price of $162,205. That's 27.2 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in Braidwood.

Median property tax for homeowners in Braidwood 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.

Braidwood real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
23
$159,705
-
2010
22
$141,930
-11.1%
2011
17
$96,954
-31.7%
2012
25
$123,606
27.5%
2013
34
$90,990
-26.4%
2014
23
$134,620
48%
2015
11
$81,832
-39.2%
2016
13
$147,000
79.6%
2017
23
$127,500
-13.3%
2018
12
$162,205
27.2%

Median property tax
Median sale price
Effective property tax rate
2010
$2,894.06
$141,930
2%
2011
$2,702.82
$96,954
2.8%
2012
$3,091.56
$123,606
2.5%
2013
$2,854.12
$90,990
3.1%
2014
$2,767.74
$134,620
2.1%
2015
$2,888.69
$81,832
3.5%
2016
$3,533.48
$147,000
2.4%
2017
$0
$127,500
0%

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