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Rockford Sun

Wednesday, November 27, 2024

Q2 real estate sales report: Loves Park

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Median prices rose in Loves Park over last year, and are down 14.7 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 89 homes sold in Loves Park for a median price of $114,900. That's 3.4 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 9 homes in Loves Park were in foreclosure.

Median property tax for homeowners in Loves 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.

Loves Park real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
93
$134,696
-
2010
89
$123,006
-8.7%
2011
63
$112,887
-8.2%
2012
68
$109,545
-3%
2013
70
$92,070
-16%
2014
69
$87,980
-4.4%
2015
103
$106,000
20.5%
2016
91
$90,825
-14.3%
2017
99
$111,078
22.3%
2018
89
$114,900
3.4%

Median property tax
Median sale price
Effective property tax rate
2009
$4,048.69
$134,696
3%
2010
$3,671.66
$123,006
3%
2011
$3,475.23
$112,887
3.1%
2012
$3,308.80
$109,545
3%
2013
$3,270.73
$92,070
3.6%
2014
$3,700.16
$87,980
4.2%
2015
$3,962.06
$106,000
3.7%
2016
$3,265.87
$90,825
3.6%
2017
$3,443.49
$111,078
3.1%
2018
$0
$114,900
0%

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