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McLean County Times

Thursday, April 25, 2024

Q1 real estate sales report: Normal

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Median prices declined in Normal over last year, and are down 17.4 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 110 homes sold in Normal for a median price of $145,000. That's 6.6 percent lower than median home sale prices for the first quarter of 2017.

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

Median property tax for homeowners in Normal was $4,164.42 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.

Normal real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
111
$175,500
-
2010
92
$166,725
-5%
2011
75
$155,940
-6.5%
2012
131
$160,230
2.8%
2013
139
$159,300
-0.6%
2014
116
$160,855
1%
2015
116
$179,273
11.4%
2016
118
$152,250
-15.1%
2017
114
$155,295
2%
2018
110
$145,000
-6.6%

Median property tax
Median sale price
Effective property tax rate
2009
$4,114.60
$175,500
2.3%
2010
$4,218.41
$166,725
2.5%
2011
$4,109.78
$155,940
2.6%
2012
$4,034.30
$160,230
2.5%
2013
$4,221.05
$159,300
2.6%
2014
$4,116.04
$160,855
2.6%
2015
$4,164.42
$179,273
2.3%

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