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Tuesday, November 5, 2024

Q3 real estate sales report: Lincoln

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Median prices declined in Lincoln over last year, and are down 7.1 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 66 homes sold in Lincoln for a median price of $68,500. That's 17.1 percent lower than median home sale prices for the third quarter of 2017.

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

Median property tax for homeowners in Lincoln was $2,057.71 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.

Lincoln real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
69
$73,710
-
2010
47
$79,686
8.1%
2011
43
$78,987
-0.9%
2012
50
$75,210
-4.8%
2013
62
$76,626
1.9%
2014
65
$72,080
-5.9%
2015
67
$72,080
0%
2016
92
$76,388
6%
2017
70
$82,620
8.2%
2018
66
$68,500
-17.1%

Median property tax
Median sale price
Effective property tax rate
2009
$1,971.96
$73,710
2.7%
2010
$1,934.92
$79,686
2.4%
2011
$1,865.31
$78,987
2.4%
2012
$1,907.24
$75,210
2.5%
2013
$2,020.33
$76,626
2.6%
2014
$1,800.34
$72,080
2.5%
2015
$1,761.21
$72,080
2.4%
2016
$1,671.07
$76,388
2.2%
2017
$2,057.70
$82,620
2.5%

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