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Q2 real estate sales report: South Lockport

Real Estate

By Local Labs News Service | Nov 30, 2018

Realestate077

Median prices rose in South Lockport over last year, and are up 25.3 percent over 7 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 1 home sold in South Lockport for a price of $157,900. That's 29 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in South Lockport.

Median property tax for homeowners in South Lockport was $3,434.34 in 2017 according to tax data from that year. That means homeowners pay 2.8 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.

South Lockport real estate: Q2 2012-2018
Properties sold
Median sale price
Change in sale price
2012
2
$126,023
-
2013
1
$48,276
-61.7%
2015
1
$114,586
137.4%
2017
1
$122,400
6.8%
2018
1
$157,900
29%

Median property tax
Median sale price
Effective property tax rate
2012
$2,953.26
$126,023
2.3%
2013
$4,704.09
$48,276
9.7%
2015
$3,046.41
$114,586
2.7%
2017
$3,434.34
$122,400
2.8%

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