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McLean County Times

Friday, April 26, 2024

Q1 real estate sales report: Gridley

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Median prices declined in Gridley over last year, and are down 39.7 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 3 homes sold in Gridley for a median price of $67,000. That's 47.9 percent lower than median home sale prices for the first quarter of 2017.

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

Median property tax for homeowners in Gridley was $0 in 2015 according to tax data from that year. That means homeowners pay 0 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.

Gridley real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
2
$111,150
-
2011
7
$84,750
-23.8%
2012
11
$31,338
-63%
2013
3
$102,600
227.4%
2014
3
$169,388
65.1%
2015
2
$140,450
-17.1%
2016
3
$84,000
-40.2%
2017
9
$128,520
53%
2018
3
$67,000
-47.9%

Median property tax
Median sale price
Effective property tax rate
2009
$2,114.17
$111,150
1.9%
2011
$2,705.06
$84,750
3.2%
2012
$3,620.47
$31,338
11.6%
2013
$2,204.62
$102,600
2.1%
2014
$4,205.29
$169,388
2.5%
2015
$0
$140,450
0%

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