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Will County Gazette

Thursday, April 18, 2024

Q2 real estate sales report: River Edge Estates

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Median prices declined in River Edge Estates over last year, and are down 0.6 percent over 8 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 1 home sold in River Edge Estates for a price of $365,000. That's 13.3 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in River Edge Estates.

Median property tax for homeowners in River Edge Estates was $11,099.45 in 2017 according to tax data from that year. That means homeowners pay 2.6 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.

River Edge Estates real estate: Q2 2011-2018
Properties sold
Median sale price
Change in sale price
2011
1
$367,250
-
2012
3
$332,450
-9.5%
2013
2
$224,100
-32.6%
2014
1
$349,800
56.1%
2016
2
$248,273
-29%
2017
2
$420,750
69.5%
2018
1
$365,000
-13.3%

Median property tax
Median sale price
Effective property tax rate
2011
$11,597.70
$367,250
3.2%
2012
$8,079.53
$332,450
2.4%
2013
$6,823.15
$224,100
3%
2014
$6,656.75
$349,800
1.9%
2016
$6,316.41
$248,273
2.5%
2017
$11,099.44
$420,750
2.6%

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