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Will County Gazette

Monday, November 25, 2024

Q3 real estate sales report: Forest Manor

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Median prices declined in Forest Manor over last year, and are up 11.3 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 4 homes sold in Forest Manor for a median price of $183,625. That's 24 percent lower than median home sale prices for the third quarter of 2017.

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

Median property tax for homeowners in Forest Manor was $3,678.92 in 2017 according to tax data from that year. That means homeowners pay 1.5 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: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
2
$164,970
-
2011
1
$24,295
-85.3%
2012
2
$137,122
464.4%
2013
1
$91,909
-33%
2014
3
$137,800
49.9%
2015
1
$233,200
69.2%
2016
3
$161,700
-30.7%
2017
2
$241,740
49.5%
2018
4
$183,625
-24%

Median property tax
Median sale price
Effective property tax rate
2011
$3,035.45
$24,295
12.5%
2012
$4,288.31
$137,122
3.1%
2013
$5,111.35
$91,909
5.6%
2014
$3,014.55
$137,800
2.2%
2015
$3,039.25
$233,200
1.3%
2016
$3,380.85
$161,700
2.1%
2017
$3,678.91
$241,740
1.5%

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