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Rockford Sun

Tuesday, November 26, 2024

Q2 real estate sales report: Rockford

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Median prices rose in Rockford over last year, and are up 6.8 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 771 homes sold in Rockford for a median price of $80,000. That's 10.5 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 98 homes in Rockford were in foreclosure.

Median property tax for homeowners in Rockford 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.

Rockford real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
573
$74,880
-
2010
649
$92,340
23.3%
2011
467
$65,720
-28.8%
2012
558
$65,945
0.3%
2013
645
$63,936
-3%
2014
654
$47,435
-25.8%
2015
680
$62,540
31.8%
2016
696
$73,500
17.5%
2017
789
$72,420
-1.5%
2018
771
$80,000
10.5%

Median property tax
Median sale price
Effective property tax rate
2009
$2,999.92
$74,880
4%
2010
$3,176.16
$92,340
3.4%
2011
$2,892.84
$65,720
4.4%
2012
$2,609.77
$65,945
4%
2013
$2,748.56
$63,936
4.3%
2014
$2,339.17
$47,435
4.9%
2015
$2,603.01
$62,540
4.2%
2016
$3,004.98
$73,500
4.1%
2017
$2,749.36
$72,420
3.8%
2018
$0
$80,000
0%

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