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Will County Gazette

Wednesday, April 24, 2024

Q3 real estate sales report: Shorewood

Realestate2

Median prices rose in Shorewood over last year, and are up 0.4 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 84 homes sold in Shorewood for a median price of $249,900. That's 5.2 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, there were no foreclosures in Shorewood.

Median property tax for homeowners in Shorewood was $5,706.27 in 2017 according to tax data from that year. That means homeowners pay 2.4 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.

Shorewood real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
52
$248,868
-
2010
72
$258,226
3.8%
2011
70
$233,721
-9.5%
2012
111
$202,195
-13.5%
2013
119
$220,321
9%
2014
111
$233,200
5.8%
2015
107
$261,974
12.3%
2016
87
$241,395
-7.9%
2017
83
$237,660
-1.5%
2018
84
$249,900
5.2%

Median property tax
Median sale price
Effective property tax rate
2010
$5,624.70
$258,226
2.2%
2011
$4,033.36
$233,721
1.7%
2012
$4,741.65
$202,195
2.3%
2013
$4,770.61
$220,321
2.2%
2014
$5,076.78
$233,200
2.2%
2015
$5,343.31
$261,974
2%
2016
$5,900.81
$241,395
2.4%
2017
$5,706.26
$237,660
2.4%

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