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Rockford Sun

Wednesday, November 27, 2024

Q2 real estate sales report: Machesney Park

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Median prices rose in Machesney Park over last year, and are up 3.2 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 105 homes sold in Machesney Park for a median price of $107,500. That's 10.9 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 11 homes in Machesney Park were in foreclosure.

Median property tax for homeowners in Machesney Park 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.

Machesney Park real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
63
$104,130
-
2010
112
$118,275
13.6%
2011
67
$126,560
7%
2012
66
$98,100
-22.5%
2013
111
$86,292
-12%
2014
90
$81,620
-5.4%
2015
90
$84,350
3.3%
2016
106
$90,563
7.4%
2017
117
$96,900
7%
2018
105
$107,500
10.9%

Median property tax
Median sale price
Effective property tax rate
2009
$3,249.95
$104,130
3.1%
2010
$2,981.54
$118,275
2.5%
2011
$3,379.49
$126,560
2.7%
2012
$3,004.07
$98,100
3.1%
2013
$3,070.89
$86,292
3.6%
2014
$3,387.83
$81,620
4.2%
2015
$2,895.76
$84,350
3.4%
2016
$3,105.18
$90,563
3.4%
2017
$2,897.02
$96,900
3%
2018
$0
$107,500
0%

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