The third quarter of 2020: Home prices in Lincoln increased

The third quarter of 2020: Home prices in Lincoln increased
0Comments

The median sale price of a home sold in the third quarter of 2020 in Lincoln rose by $13,700 while total sales decreased by 13%, according to BlockShopper.com.

From July through September of 2020, there were 60 homes sold, with a median sale price of $89,900 – a 18% increase over the $76,200 median sale price for the same period of the previous year. There were 69 homes sold in Lincoln in the third quarter of 2019.

The median sales tax in Lincoln for the most recent year with available data, 2019, was $1,863, approximately 2.1% of the median home sale price for the third quarter of 2020.

The following table compares Lincoln to other Logan County cities in the third quarter of 2020:

City July – Sept. 2020 Home Sales July – Sept. 2019 Home Sales % change (Total Home Sales) July – Sept. 2020 Median Sales Price July – Sept. 2019 Median Sales Price % change (Median Sales Price)
Hartsburg 3 5 -40% $143,000 $37,000 286.5%
Elkhart 4 1 300% $130,450 $90,000 44.9%
Atlanta 13 13 0% $103,000 $75,000 37.3%
Latham 2 1 100% $95,500 $20,000 377.5%
Mount Pulaski 8 8 0% $89,950 $74,500 20.7%
Lincoln 60 69 -13% $89,900 $76,200 18%
Emden 7 1 600% $76,775 $55,000 39.6%
New Holland 2 3 -33.3% $73,000 $104,000 -29.8%
Middletown 4 2 100% $49,450 $21,400 131.1%


Related

Atlanta ranks second in Logan County for business property tax rate in 2025

Atlanta ranks second in Logan County for business property tax rate in 2025

In Atlanta, the median business property tax rate for fiscal year 2025 is 2.1%, making it lower than the Logan County average but still the second-highest in the area.

Joseph J. Tirio, McHenry County Clerk

Woodstock commercial property tax rate at 2.5% for fiscal 2025

In fiscal year 2025, Woodstock placed fifth among McHenry County cities with a median commercial property tax rate.

Lincoln’s 3.7% median commercial property tax rate in FY 2025 leads Logan County

Lincoln’s 3.7% median commercial property tax rate in FY 2025 leads Logan County

With a median commercial property tax rate of 3.7% for fiscal year 2025, Lincoln tops Logan County.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Sangamon Sun.