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McLean County Times

Sunday, May 26, 2024

Q1 real estate sales report: Bloomington

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Median prices declined in Bloomington over last year, and are down 22.9 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 216 homes sold in Bloomington for a median price of $147,750. That's 3.5 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in Bloomington.

Median property tax for homeowners in Bloomington was $3,621.87 in 2015 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 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Bloomington real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
206
$191,588
-
2010
233
$167,580
-12.5%
2011
173
$169,500
1.1%
2012
226
$158,050
-6.8%
2013
295
$156,492
-1%
2014
221
$143,100
-8.6%
2015
215
$160,590
12.2%
2016
236
$146,948
-8.5%
2017
252
$153,077
4.2%
2018
216
$147,750
-3.5%

Median property tax
Median sale price
Effective property tax rate
2009
$4,393.77
$191,588
2.3%
2010
$3,822.03
$167,580
2.3%
2011
$4,191.12
$169,500
2.5%
2012
$3,866.70
$158,050
2.4%
2013
$3,673.96
$156,492
2.3%
2014
$3,279.44
$143,100
2.3%
2015
$3,621.87
$160,590
2.3%

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