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Friday, November 22, 2024

Loves Park (Boone County) home prices rise in the third quarter of 2017

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The median sale price of a home sold in the third quarter of 2017 in Loves Park in Boone County rose by $7,000 while total sales decreased by 31.6%, according to BlockShopper.com.

From July through September of 2017, there were 13 homes sold, with a median sale price of $259,500 - a 2.8% increase over the $252,500 median sale price for the same period of the previous year. There were 19 homes sold in Loves Park in the third quarter of 2016.

The median sales tax in Loves Park for 2017 was $7,398.38. In 2016, the median sales tax was $7,519. This marks an decrease of 1.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.

The following table compares Loves Park to other Boone County cities in the third quarter of 2017:

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Loves Park1319-31.6%$259,500$252,5002.8%
Caledonia79-22.2%$232,500$132,00076.1%
Timberlane42100%$197,000$243,500-19.1%
Poplar Grove23224.5%$170,000$152,50011.5%
Belvidere12410221.6%$148,500$125,00018.8%
Candlewick Lake372454.2%$120,000$123,000-2.4%
Capron26-66.7%$117,500$88,25033.1%
Garden Prairie01-100%$0$151,000-100%
* This story only considers sales data for the part of Loves Park that is in Boone County.

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