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Tuesday, April 23, 2024

Q4 real estate sales report: Springfield

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Median prices rose in Springfield over last year, and are down 13.6 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 596 homes sold in Springfield for a median price of $93,000. That's 1.3 percent higher than median home sale prices for the fourth quarter of 2017.

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

Median property tax for homeowners in Springfield was $2,037.23 in 2017 according to tax data from that year. That means homeowners pay 2.2 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: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
685
$107,640
-
2010
486
$107,730
0.1%
2011
503
$104,525
-3%
2012
609
$103,005
-1.5%
2013
657
$89,640
-13%
2014
624
$103,085
15%
2015
699
$95,400
-7.5%
2016
606
$115,185
20.7%
2017
642
$91,800
-20.3%
2018
596
$93,000
1.3%

Median property tax
Median sale price
Effective property tax rate
2009
$2,081.28
$107,640
1.9%
2010
$2,305.78
$107,730
2.1%
2011
$2,189.87
$104,525
2.1%
2012
$2,291.02
$103,005
2.2%
2013
$2,028.24
$89,640
2.3%
2014
$2,333.22
$103,085
2.3%
2015
$2,230.30
$95,400
2.3%
2016
$2,396.59
$115,185
2.1%
2017
$2,037.22
$91,800
2.2%

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