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Kane County Reporter

Wednesday, May 8, 2024

Q2 real estate sales report: Elburn

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Median prices rose in Elburn over last year, and are down 12 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 41 homes sold in Elburn for a median price of $278,000. That's 6.9 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in Elburn.

Median property tax for homeowners in Elburn was $8,022.50 in 2017 according to tax data from that year. That means homeowners pay 3.1 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.

Elburn real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
17
$315,900
-
2010
23
$270,750
-14.3%
2011
19
$270,070
-0.3%
2012
22
$211,188
-21.8%
2013
52
$227,880
7.9%
2014
32
$203,653
-10.6%
2015
39
$235,850
15.8%
2016
40
$252,000
6.8%
2017
41
$260,100
3.2%
2018
41
$278,000
6.9%

Median property tax
Median sale price
Effective property tax rate
2009
$8,740.60
$315,900
2.8%
2010
$8,007.74
$270,750
3%
2011
$7,777.02
$270,070
2.9%
2012
$6,575.28
$211,188
3.1%
2013
$8,133.70
$227,880
3.6%
2014
$6,991.34
$203,653
3.4%
2015
$7,536.76
$235,850
3.2%
2016
$7,214.21
$252,000
2.9%
2017
$8,022.50
$260,100
3.1%

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