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Friday, April 26, 2024

Q3 real estate sales report: Machesney Park

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Median prices declined in Machesney Park over last year, and are down 27.3 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 127 homes sold in Machesney Park for a median price of $95,000. That's 3 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, 21 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: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
96
$130,603
-
2010
52
$104,880
-19.7%
2011
73
$92,321
-12%
2012
99
$96,692
4.7%
2013
125
$97,200
0.5%
2014
115
$81,620
-16%
2015
96
$102,555
25.6%
2016
106
$90,242
-12%
2017
103
$97,920
8.5%
2018
127
$95,000
-3%

Median property tax
Median sale price
Effective property tax rate
2009
$3,327.99
$130,603
2.5%
2010
$2,687
$104,880
2.6%
2011
$2,975.58
$92,321
3.2%
2012
$2,944.80
$96,692
3%
2013
$3,055.12
$97,200
3.1%
2014
$2,807.72
$81,620
3.4%
2015
$3,631.82
$102,555
3.5%
2016
$2,956.93
$90,242
3.3%
2017
$2,949.14
$97,920
3%
2018
$0
$95,000
0%

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