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Thursday, April 25, 2024

Q3 real estate sales report: Springfield

Realestate2

Median prices declined in Springfield over last year, and are down 15 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 732 homes sold in Springfield for a median price of $98,000. That's 3.9 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, 34 homes in Springfield were in foreclosure.

Median property tax for homeowners in Springfield was $2,104.06 in 2017 according to tax data from that year. That means homeowners pay 2.1 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: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
736
$115,245
-
2010
470
$105,450
-8.5%
2011
588
$111,870
6.1%
2012
702
$108,455
-3.1%
2013
876
$102,600
-5.4%
2014
723
$111,300
8.5%
2015
746
$108,597
-2.4%
2016
766
$114,450
5.4%
2017
756
$102,000
-10.9%
2018
732
$98,000
-3.9%

Median property tax
Median sale price
Effective property tax rate
2009
$2,264.21
$115,245
2%
2010
$2,196.82
$105,450
2.1%
2011
$2,232.25
$111,870
2%
2012
$2,303.80
$108,455
2.1%
2013
$2,215.03
$102,600
2.2%
2014
$2,385.61
$111,300
2.1%
2015
$2,392.35
$108,597
2.2%
2016
$2,540.90
$114,450
2.2%
2017
$2,104.05
$102,000
2.1%

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