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Wednesday, November 27, 2024

Q2 real estate sales report: Durand

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Median prices declined in Durand over last year, and are down 28 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 11 homes sold in Durand for a median price of $75,000. That's 33.2 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 1 home in Durand was in foreclosure.

Median property tax for homeowners in Durand was $0 in 2018 according to tax data from that year. That means homeowners pay 0 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.

Durand real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
5
$104,130
-
2010
12
$147,060
41.2%
2011
17
$20,679
-85.9%
2012
5
$67,035
224.2%
2013
7
$111,780
66.7%
2014
10
$83,740
-25.1%
2015
7
$68,900
-17.7%
2016
9
$127,575
85.2%
2017
7
$112,200
-12.1%
2018
11
$75,000
-33.2%

Median property tax
Median sale price
Effective property tax rate
2009
$2,918.79
$104,130
2.8%
2010
$4,114.98
$147,060
2.8%
2011
$0
$20,679
0%
2012
$2,638.99
$67,035
3.9%
2013
$3,422.47
$111,780
3.1%
2014
$3,189.69
$83,740
3.8%
2015
$2,753.09
$68,900
4%
2016
$4,415.43
$127,575
3.5%
2017
$3,543.74
$112,200
3.2%
2018
$0
$75,000
0%

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