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Friday, April 19, 2024

Q2 real estate sales report: Lincoln

Realestate3

Median prices rose in Lincoln over last year, and are down 5 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 87 homes sold in Lincoln for a median price of $80,000. That's 16.6 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in Lincoln.

Median property tax for homeowners in Lincoln was $1,658.13 in 2017 according to tax data from that year. That means homeowners pay 2.4 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.

Lincoln real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
41
$84,240
-
2010
58
$67,545
-19.8%
2011
51
$73,450
8.7%
2012
49
$57,770
-21.3%
2013
55
$62,640
8.4%
2014
67
$74,200
18.5%
2015
56
$74,147
-0.1%
2016
71
$79,175
6.8%
2017
63
$68,595
-13.4%
2018
87
$80,000
16.6%

Median property tax
Median sale price
Effective property tax rate
2009
$1,878.13
$84,240
2.2%
2010
$1,761.06
$67,545
2.6%
2011
$1,889.72
$73,450
2.6%
2012
$2,057.83
$57,770
3.6%
2013
$1,960.69
$62,640
3.1%
2014
$1,945.48
$74,200
2.6%
2015
$1,762.66
$74,147
2.4%
2016
$2,130.80
$79,175
2.7%
2017
$1,658.13
$68,595
2.4%

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