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Kane County Reporter

Thursday, May 16, 2024

Q1 real estate sales report: Elburn

Realestate5

Median prices rose in Elburn over last year, and are down 20.1 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 28 homes sold in Elburn for a median price of $266,500. That's 34 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 1 home in Elburn was in foreclosure.

Median property tax for homeowners in Elburn was $7,211.48 in 2017 according to tax data from that year. That means homeowners pay 3.6 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Elburn real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
9
$333,472
-
2010
21
$267,900
-19.7%
2011
12
$265,550
-0.9%
2012
16
$212,005
-20.2%
2013
15
$216,000
1.9%
2014
32
$217,300
0.6%
2015
20
$185,500
-14.6%
2016
25
$227,850
22.8%
2017
21
$198,900
-12.7%
2018
28
$266,500
34%

Median property tax
Median sale price
Effective property tax rate
2009
$7,453.62
$333,472
2.2%
2010
$8,128.26
$267,900
3%
2011
$9,177.67
$265,550
3.5%
2012
$7,498.69
$212,005
3.5%
2013
$6,984.92
$216,000
3.2%
2014
$7,223.98
$217,300
3.3%
2015
$5,135.73
$185,500
2.8%
2016
$6,837.99
$227,850
3%
2017
$7,211.48
$198,900
3.6%

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