From July to September, 8 homes sold in Newark for a median price of $172,500. That's 6.2 percent higher than median home sale prices for the third quarter of 2017.
In the third quarter, there were no foreclosures in Newark.
Median property tax for homeowners in Newark was $3,986.93 in 2017 according to tax data from that year. That means homeowners pay 2.5 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.
Newark real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
3
$182,520
-
2010
6
$135,660
-25.7%
2011
10
$192,100
41.6%
2012
4
$292,938
52.5%
2013
13
$297,000
1.4%
2014
11
$153,700
-48.2%
2015
7
$275,600
79.3%
2016
12
$211,050
-23.4%
2017
8
$162,435
-23%
2018
8
$172,500
6.2%
Median property tax
Median sale price
Effective property tax rate
2009
$2,744.24
$182,520
1.5%
2010
$3,775.45
$135,660
2.8%
2011
$4,353.12
$192,100
2.3%
2012
$6,482.75
$292,938
2.2%
2013
$6,400.55
$297,000
2.2%
2014
$4,326.34
$153,700
2.8%
2015
$6,425.10
$275,600
2.3%
2016
$4,673.24
$211,050
2.2%
2017
$3,986.92
$162,435
2.5%
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