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Peoria Standard

Thursday, November 21, 2024

Q2 real estate sales report: London Mills

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Median prices rose in London Mills over last year, and are up 202.2 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 2 homes sold in London Mills for a median price of $49,500. That's 2326.5 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in London Mills.

Median property tax for homeowners in London Mills was $0 in 2017 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.

London Mills real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
2
$16,380
-
2011
3
$10,735
-34.5%
2012
2
$22,345
108.2%
2013
3
$17,280
-22.7%
2016
1
$12,600
-27.1%
2017
1
$2,040
-83.8%
2018
2
$49,500
2326.5%

Median property tax
Median sale price
Effective property tax rate
2009
$786.14
$16,380
4.8%
2011
$1,750.77
$10,735
16.3%
2012
$1,118.49
$22,345
5%
2013
$1,742.34
$17,280
10.1%
2016
$1,669.68
$12,600
13.3%
2017
$0
$2,040
0%

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