From October to December, 4 homes sold in Lakewood Falls for a median price of $184,000. That's 4.6 percent lower than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, there were no foreclosures in Lakewood Falls.
Median property tax for homeowners in Lakewood Falls was $5,626.83 in 2017 according to tax data from that year. That means homeowners pay 2.9 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.
Lakewood Falls real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
8
$159,120
-
2010
7
$152,760
-4%
2011
9
$134,470
-12%
2012
11
$106,275
-21%
2013
12
$127,980
20.4%
2014
6
$172,250
34.6%
2015
3
$110,770
-35.7%
2016
1
$138,600
25.1%
2017
5
$192,780
39.1%
2018
4
$184,000
-4.6%
Median property tax
Median sale price
Effective property tax rate
2010
$4,295.15
$152,760
2.8%
2011
$5,241.57
$134,470
3.9%
2012
$3,998.59
$106,275
3.8%
2013
$3,774.40
$127,980
2.9%
2014
$4,757.11
$172,250
2.8%
2015
$3,029.14
$110,770
2.7%
2016
$3,936.42
$138,600
2.8%
2017
$5,626.83
$192,780
2.9%