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Tuesday, April 23, 2024

Q2 real estate sales report: Springfield

Realestate2

Median prices rose in Springfield over last year, and are down 11.9 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 726 homes sold in Springfield for a median price of $100,000. That's 5.5 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 31 homes in Springfield were in foreclosure.

Median property tax for homeowners in Springfield was $2,192.55 in 2017 according to tax data from that year. That means homeowners pay 2.3 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.

Springfield real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
600
$113,490
-
2010
745
$112,385
-1%
2011
583
$108,480
-3.5%
2012
704
$105,730
-2.5%
2013
650
$98,820
-6.5%
2014
761
$101,760
3%
2015
741
$103,880
2.1%
2016
753
$109,725
5.6%
2017
820
$94,776
-13.6%
2018
726
$100,000
5.5%

Median property tax
Median sale price
Effective property tax rate
2009
$2,319.64
$113,490
2%
2010
$2,305.01
$112,385
2.1%
2011
$2,237.78
$108,480
2.1%
2012
$2,302.53
$105,730
2.2%
2013
$2,163.40
$98,820
2.2%
2014
$2,239.99
$101,760
2.2%
2015
$2,374.14
$103,880
2.3%
2016
$2,423.74
$109,725
2.2%
2017
$2,192.55
$94,776
2.3%

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