From July to September, 92 homes sold in South Elgin for a median price of $268,500. That's 9.7 percent higher than median home sale prices for the third quarter of 2017.
In the third quarter, 4 homes in South Elgin were in foreclosure.
Median property tax for homeowners in South Elgin was $6,602.52 in 2017 according to tax data from that year. That means homeowners pay 2.7 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.
South Elgin real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
59
$239,850
-
2010
56
$245,385
2.3%
2011
54
$195,773
-20.2%
2012
67
$207,100
5.8%
2013
100
$187,380
-9.5%
2014
86
$217,830
16.3%
2015
110
$252,280
15.8%
2016
87
$239,400
-5.1%
2017
119
$244,800
2.3%
2018
92
$268,500
9.7%
Median property tax
Median sale price
Effective property tax rate
2009
$5,536.58
$239,850
2.3%
2010
$6,588.41
$245,385
2.7%
2011
$6,264.21
$195,773
3.2%
2012
$6,408.04
$207,100
3.1%
2013
$5,415.89
$187,380
2.9%
2014
$6,485.28
$217,830
3%
2015
$6,228.48
$252,280
2.5%
2016
$6,789.76
$239,400
2.8%
2017
$6,602.52
$244,800
2.7%
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