From January to March, 551 homes sold in Rockford for a median price of $69,000. That's 21 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, 100 homes in Rockford were in foreclosure.
Median property tax for homeowners in Rockford was $2,718.62 in 2016 according to tax data from that year. That means homeowners pay 4.7 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.
Rockford real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
417
$64,350
-
2010
383
$79,003
22.8%
2011
332
$62,150
-21.3%
2012
423
$51,775
-16.7%
2013
436
$51,933
0.3%
2014
464
$38,849
-25.2%
2015
537
$46,110
18.7%
2016
525
$58,275
26.4%
2017
562
$57,018
-2.2%
2018
551
$69,000
21%
Median property tax
Median sale price
Effective property tax rate
2009
$2,954.03
$64,350
4.6%
2010
$3,007.86
$79,003
3.8%
2011
$2,627.97
$62,150
4.2%
2012
$2,250.04
$51,775
4.3%
2013
$2,390.40
$51,933
4.6%
2014
$2,192.69
$38,849
5.6%
2015
$2,332.42
$46,110
5.1%
2016
$2,718.61
$58,275
4.7%
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