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Will County Gazette

Friday, April 19, 2024

Q4 real estate sales report: Shorewood

Realestate3

Median prices rose in Shorewood over last year, and are down 5 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 66 homes sold in Shorewood for a median price of $239,000. That's 18.3 percent higher than median home sale prices for the fourth quarter of 2017.

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

Median property tax for homeowners in Shorewood was $4,887.47 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: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
84
$251,492
-
2010
54
$214,661
-14.6%
2011
45
$227,300
5.9%
2012
74
$242,075
6.5%
2013
103
$248,400
2.6%
2014
91
$227,301
-8.5%
2015
92
$255,328
12.3%
2016
61
$227,850
-10.8%
2017
61
$201,960
-11.4%
2018
66
$239,000
18.3%

Median property tax
Median sale price
Effective property tax rate
2010
$4,981.02
$214,661
2.3%
2011
$4,040.02
$227,300
1.8%
2012
$5,173.67
$242,075
2.1%
2013
$5,348.22
$248,400
2.2%
2014
$4,277.67
$227,301
1.9%
2015
$4,496.09
$255,328
1.8%
2016
$5,602.04
$227,850
2.5%
2017
$4,887.47
$201,960
2.4%

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