To truly increase, real estate values must grow faster than inflation plus an owner's effective property tax rate - an average appreciation of about 5 percent in Illinois.
According to the U.S. Bureau of Labor Statistics' Consumer Price Index, the U.S. dollar has experienced an average inflation rate of 2.47 percent annually since 2000.
The average effective property tax rate in Illinois was 2.3 percent in 2017, according to the Illinois Policy Institute.
Here's how Bartonville home prices have performed since 2007.
Bartonville historical median home sales
Year
Properties sold (#)
Median sale price (nominal)
Median sale price (real)
Year-over-year change
2007
128
$84,500
$99,710
-
2008
135
$87,000
$97,440
-2.3%
2009
128
$86,500
$98,610
1.2%
2010
100
$85,480
$95,737.60
-2.9%
2011
55
$88,000
$95,920
0.2%
2012
110
$83,875
$89,746.25
-6.4%
2013
99
$86,000
$90,300
0.6%
2014
124
$78,950
$81,318.50
-9.9%
2015
116
$79,750
$82,142.50
1%
2016
130
$84,531.83
$86,222.46
5%
2017
116
$79,550
$79,550
-7.7%
Total change in price
-20.2%
Where sale prices were unavailable, the home's assessed value was substituted.
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