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Q2 real estate sales report: Forest Manor

Real Estate

By Local Labs News Service | Dec 9, 2018

Re 11

Median prices declined in Forest Manor over last year, and are down 30.2 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 Forest Manor for a median price of $135,000. That's 58.6 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in Forest Manor.

Median property tax for homeowners in Forest Manor was $6,827.47 in 2017 according to tax data from that year. That means homeowners pay 2.1 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.

Forest Manor real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
1
$193,343
-
2010
5
$165,300
-14.5%
2012
4
$112,402
-32%
2013
5
$160,380
42.7%
2014
3
$82,150
-48.8%
2015
2
$176,649
115%
2016
3
$155,600
-11.9%
2017
2
$326,298
109.7%
2018
2
$135,000
-58.6%

Median property tax
Median sale price
Effective property tax rate
2010
$4,113.05
$165,300
2.5%
2012
$3,329.72
$112,402
3%
2013
$3,271.51
$160,380
2%
2014
$3,387.50
$82,150
4.1%
2015
$4,382.66
$176,649
2.5%
2016
$3,839.80
$155,600
2.5%
2017
$6,827.47
$326,298
2.1%

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