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McLean County Times

Tuesday, November 26, 2024

Q2 real estate sales report: Normal

Re 2

Median prices declined in Normal over last year, and are down 10.8 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 133 homes sold in Normal for a median price of $158,440. That's 2.9 percent lower than median home sale prices for the second quarter of 2017.

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

Median property tax for homeowners in Normal was $4,147.01 in 2017 according to tax data from that year. That means homeowners pay 2.5 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.

Normal real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
176
$177,548
-
2010
192
$176,700
-0.5%
2011
149
$177,410
0.4%
2012
204
$163,500
-7.8%
2013
260
$176,785
8.1%
2014
215
$161,120
-8.9%
2015
222
$168,726
4.7%
2016
235
$162,750
-3.5%
2017
231
$163,200
0.3%
2018
133
$158,440
-2.9%

Median property tax
Median sale price
Effective property tax rate
2009
$4,115.45
$177,548
2.3%
2010
$4,200.53
$176,700
2.4%
2011
$4,326.61
$177,410
2.4%
2012
$3,890.06
$163,500
2.4%
2013
$4,137.69
$176,785
2.3%
2014
$3,870.08
$161,120
2.4%
2015
$4,202.13
$168,726
2.5%
2016
$4,138.89
$162,750
2.5%
2017
$4,147.01
$163,200
2.5%

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