2018 home sales: Roseland/Pullman price history

Medium realestate077

Historical home sales data show whether price appreciation has outpaced inflation and tax rates. BlockShopper.com has calculated neighborhoods' median sales prices for the past 10 years, adjusting for inflation.

To truly increase, real estate values must grow faster than inflation plus an owner's effective property tax rate - an average appreciation of about 4.4 percent in Illinois.

According to the U.S. Bureau of Labor Statistics' Consumer Price Index, the U.S. dollar has experienced an average inflation rate of 2.12 percent annually since 2000.

The average effective property tax rate in Illinois was 2.32 percent in 2018, according to the website WalletHub.com.

Here's how Roseland/Pullman home prices have performed since 2008.

Roseland/Pullman historical median home sales
Year
Properties sold (#)
Median sale price (nominal)
Median sale price (real)
Year-over-year change (real)
2008
438
$69,000
$80,730
-
2009
469
$25,000
$29,250
-63.8%
2010
374
$29,250
$33,345
14%
2011
253
$30,000
$33,900
1.7%
2012
261
$30,000
$32,700
-3.5%
2013
396
$28,500
$30,780
-5.9%
2014
382
$34,500
$36,570
18.8%
2015
363
$35,500
$37,630
2.9%
2016
400
$40,000
$42,000
11.6%
2017
473
$54,750
$55,845
33%
2018
554
$68,000
$68,000
21.8%
Total change in price
-15.8%

Where sale prices were unavailable, the home's assessed value was substituted.

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