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Will County Gazette

Thursday, April 25, 2024

Q1 real estate sales report: Homer Glen

Re 1

Median prices rose in Homer Glen over last year, and are down 14 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 17 homes sold in Homer Glen for a median price of $317,000. That's 4.6 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in Homer Glen.

Median property tax for homeowners in Homer Glen 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.

Homer Glen real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
37
$368,550
-
2010
63
$371,647
0.8%
2011
40
$283,630
-23.7%
2012
61
$261,219
-7.9%
2013
70
$256,824
-1.7%
2014
77
$275,600
7.3%
2015
49
$265,848
-3.5%
2016
53
$273,000
2.7%
2017
81
$302,940
11%
2018
17
$317,000
4.6%

Median property tax
Median sale price
Effective property tax rate
2010
$8,583.31
$371,647
2.3%
2011
$7,437.53
$283,630
2.6%
2012
$7,247.86
$261,219
2.8%
2013
$7,545.08
$256,824
2.9%
2014
$7,259.62
$275,600
2.6%
2015
$7,317.98
$265,848
2.8%
2016
$7,631.94
$273,000
2.8%
2017
$0
$302,940
0%

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