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Will County Gazette

Tuesday, April 16, 2024

Q2 real estate sales report: Cherry Hill

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Median prices declined in Cherry Hill over last year, and are down 41 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 2 homes sold in Cherry Hill for a median price of $157,125. That's 31.5 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in Cherry Hill.

Median property tax for homeowners in Cherry Hill was $5,168.33 in 2017 according to tax data from that year. That means homeowners pay 2.3 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.

Cherry Hill real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
2
$266,175
-
2011
2
$136,730
-48.6%
2012
2
$176,035
28.7%
2013
5
$181,440
3.1%
2014
2
$221,540
22.1%
2015
6
$188,627
-14.9%
2016
4
$241,763
28.2%
2017
4
$229,500
-5.1%
2018
2
$157,125
-31.5%

Median property tax
Median sale price
Effective property tax rate
2011
$3,546.93
$136,730
2.6%
2012
$4,268.71
$176,035
2.4%
2013
$5,818.69
$181,440
3.2%
2014
$5,382.95
$221,540
2.4%
2015
$4,660.67
$188,627
2.5%
2016
$5,778.89
$241,763
2.4%
2017
$5,168.32
$229,500
2.3%

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