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McLean County Times

Thursday, April 25, 2024

Q1 real estate sales report: McLean

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Median prices declined in McLean over last year, and are up 35.2 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 2 homes sold in McLean for a median price of $75,165. That's 35.6 percent lower than median home sale prices for the first quarter of 2017.

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

Median property tax for homeowners in McLean was $3,752.51 in 2015 according to tax data from that year. That means homeowners pay 10.7 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.

McLean real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
5
$55,575
-
2010
2
$139,799
151.6%
2011
1
$39,550
-71.7%
2012
2
$150,965
281.7%
2013
4
$79,920
-47.1%
2014
2
$48,230
-39.7%
2015
7
$34,980
-27.5%
2016
2
$84,000
140.1%
2017
3
$116,790
39%
2018
2
$75,165
-35.6%

Median property tax
Median sale price
Effective property tax rate
2009
$2,435.70
$55,575
4.4%
2010
$3,611.64
$139,799
2.6%
2011
$1,460.59
$39,550
3.7%
2012
$2,269.31
$150,965
1.5%
2013
$2,217.16
$79,920
2.8%
2014
$2,119.53
$48,230
4.4%
2015
$3,752.50
$34,980
10.7%

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