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Will County Gazette

Friday, April 26, 2024

Q2 real estate sales report: Lockport

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Median prices rose in Lockport over last year, and are up 2.9 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 150 homes sold in Lockport for a median price of $210,750. That's 1 percent higher than median home sale prices for the second quarter of 2017.

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

Median property tax for homeowners in Lockport was $5,778.44 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.

Lockport real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
112
$204,750
-
2010
149
$205,200
0.2%
2011
75
$172,475
-15.9%
2012
109
$168,950
-2%
2013
146
$188,406
11.5%
2014
184
$169,600
-10%
2015
128
$180,995
6.7%
2016
156
$188,948
4.4%
2017
158
$208,590
10.4%
2018
150
$210,750
1%

Median property tax
Median sale price
Effective property tax rate
2010
$5,603.85
$205,200
2.7%
2011
$5,598.92
$172,475
3.2%
2012
$5,511.69
$168,950
3.3%
2013
$5,585.96
$188,406
3%
2014
$5,256.27
$169,600
3.1%
2015
$5,166.41
$180,995
2.9%
2016
$5,494.08
$188,948
2.9%
2017
$5,778.44
$208,590
2.8%

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