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McLean County Times

Saturday, November 23, 2024

Q2 real estate sales report: Lexington

Realestate5

Median prices declined in Lexington over last year, and are down 31.5 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 9 homes sold in Lexington for a median price of $78,500. That's 38.4 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in Lexington.

Median property tax for homeowners in Lexington was $3,399.60 in 2017 according to tax data from that year. That means homeowners pay 2.7 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Lexington real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
9
$114,660
-
2010
13
$101,460
-11.5%
2011
4
$107,091
5.5%
2012
8
$121,263
13.2%
2013
11
$117,720
-2.9%
2014
8
$116,600
-1%
2015
7
$124,550
6.8%
2016
15
$107,100
-14%
2017
11
$127,500
19%
2018
9
$78,500
-38.4%

Median property tax
Median sale price
Effective property tax rate
2009
$3,701.78
$114,660
3.2%
2010
$3,373.64
$101,460
3.3%
2011
$3,546.74
$107,091
3.3%
2012
$3,120.99
$121,263
2.6%
2013
$3,039.57
$117,720
2.6%
2014
$3,451.14
$116,600
3%
2015
$3,175.54
$124,550
2.5%
2016
$3,266.23
$107,100
3%
2017
$3,399.59
$127,500
2.7%

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