2018 home sales: Englewood price history

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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 Englewood home prices have performed since 2008.

Englewood historical median home sales
Year
Properties sold (#)
Median sale price (nominal)
Median sale price (real)
Year-over-year change (real)
2008
628
$71,000
$83,070
-
2009
708
$20,000
$23,400
-71.8%
2010
649
$18,000
$20,520
-12.3%
2011
441
$19,750
$22,317.50
8.8%
2012
332
$18,000
$19,620
-12.1%
2013
416
$18,500
$19,980
1.8%
2014
301
$20,250
$21,465
7.4%
2015
350
$24,000
$25,440
18.5%
2016
343
$25,000
$26,250
3.2%
2017
434
$28,000
$28,560
8.8%
2018
438
$43,500
$43,500
52.3%
Total change in price
-47.6%

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

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