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Peoria Standard

Friday, April 19, 2024

Q1 real estate sales report: Mackinaw

Re 8

Median prices rose in Mackinaw over last year, and are up 86 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 8 homes sold in Mackinaw for a median price of $185,000. That's 56.6 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in Mackinaw.

Median property tax for homeowners in Mackinaw was $3,433.21 in 2016 according to tax data from that year. That means homeowners pay 2.2 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Mackinaw real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
10
$99,450
-
2010
10
$29,583
-70.3%
2011
8
$114,130
285.8%
2012
6
$106,275
-6.9%
2013
12
$125,280
17.9%
2014
8
$123,490
-1.4%
2015
8
$110,770
-10.3%
2016
10
$156,450
41.2%
2017
4
$118,142
-24.5%
2018
8
$185,000
56.6%

Median property tax
Median sale price
Effective property tax rate
2009
$1,983.13
$99,450
2%
2010
$1,167.24
$29,583
3.9%
2011
$3,041.57
$114,130
2.7%
2012
$2,390.53
$106,275
2.2%
2013
$2,914.52
$125,280
2.3%
2014
$3,080.20
$123,490
2.5%
2015
$2,819.88
$110,770
2.5%
2016
$3,433.20
$156,450
2.2%

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