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Kane County Reporter

Wednesday, April 24, 2024

Q4 real estate sales report: River Grange Lakes

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Median prices declined in River Grange Lakes over last year, and are down 39.6 percent over 9 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 1 home sold in River Grange Lakes for a price of $275,500. That's 28.9 percent lower than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, there were no foreclosures in River Grange Lakes.

Median property tax for homeowners in River Grange Lakes was $10,267.36 in 2017 according to tax data from that year. That means homeowners pay 2.6 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.

River Grange Lakes real estate: Q4 2010-2018
Properties sold
Median sale price
Change in sale price
2010
2
$456,000
-
2012
1
$281,220
-38.3%
2013
1
$313,200
11.4%
2014
1
$330,720
5.6%
2015
2
$451,825
36.6%
2017
1
$387,600
-14.2%
2018
1
$275,500
-28.9%

Median property tax
Median sale price
Effective property tax rate
2010
$10,419.54
$456,000
2.3%
2012
$7,048.79
$281,220
2.5%
2013
$7,524.01
$313,200
2.4%
2014
$7,767.63
$330,720
2.3%
2015
$12,511.30
$451,825
2.8%
2017
$10,267.36
$387,600
2.6%

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