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Wednesday, December 25, 2024

Loves Park (Boone County) home prices fall in June 2017

Realestate5

The median sale price of a home sold in June 2017 in Loves Park in Boone County fell by $40,000 while total sales decreased by 33.3%, according to BlockShopper.com.

In June 2017, there were two homes sold, with a median sale price of $249,000 - a 13.8% decrease over the $289,000 median sale price for the same period of the previous year. There were three homes sold in Loves Park in June 2016.

The median sales tax in Loves Park for 2017 was $7,398. 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 3%.

The following table compares Loves Park to other Boone County cities in June 2017:

CityJune 2017 Home SalesJune 2016 Home Sales% change (Total Home Sales)June 2017 Median Sales PriceJune 2016 Median Sales Price% change (Median Sales Price)
Caledonia15-80%$436,000$225,00093.8%
Timberlane41300%$373,000$225,50065.4%
Loves Park23-33.3%$249,000$289,000-13.8%
Poplar Grove510-50%$149,500$171,000-12.6%
Belvidere4049-18.4%$145,000$113,00028.3%
Candlewick Lake918-50%$100,000$114,000-12.3%
Garden Prairie00-$0$0-
Capron00-$0$0-
* This story only considers sales data for the part of Loves Park that is in Boone County.

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