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Will County Gazette

Friday, April 26, 2024

Q4 real estate sales report: River Edge Estates

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Median prices rose in River Edge Estates over last year, and are up 109.4 percent over 7 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 3 homes sold in River Edge Estates for a median price of $347,000. That's 2.8 percent higher than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, there were no foreclosures in River Edge Estates.

Median property tax for homeowners in River Edge Estates was $9,417.96 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.

River Edge Estates real estate: Q4 2012-2018
Properties sold
Median sale price
Change in sale price
2012
1
$165,680
-
2013
1
$210,600
27.1%
2015
1
$159,000
-24.5%
2017
2
$337,620
112.3%
2018
3
$347,000
2.8%

Median property tax
Median sale price
Effective property tax rate
2012
$6,627
$165,680
4%
2013
$4,655.01
$210,600
2.2%
2015
$5,952.98
$159,000
3.7%
2017
$9,417.95
$337,620
2.8%

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