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Peoria Standard

Friday, April 19, 2024

Q3 real estate sales report: Princeville

Realestate077

Median prices declined in Princeville over last year, and are down 7.6 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 6 homes sold in Princeville for a median price of $86,500. That's 33.2 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, there were no foreclosures in Princeville.

Median property tax for homeowners in Princeville was $2,491.23 in 2017 according to tax data from that year. That means homeowners pay 1.9 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.

Princeville real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
13
$93,600
-
2010
7
$102,931
10%
2011
3
$196,620
91%
2012
8
$124,260
-36.8%
2013
5
$105,300
-15.3%
2014
5
$111,300
5.7%
2015
15
$65,720
-41%
2016
9
$134,400
104.5%
2017
11
$129,540
-3.6%
2018
6
$86,500
-33.2%

Median property tax
Median sale price
Effective property tax rate
2009
$2,912.69
$93,600
3.1%
2010
$2,580.54
$102,931
2.5%
2011
$4,423.74
$196,620
2.2%
2012
$2,898.36
$124,260
2.3%
2013
$2,559.03
$105,300
2.4%
2014
$2,203.14
$111,300
2%
2015
$2,013.70
$65,720
3.1%
2016
$3,741.29
$134,400
2.8%
2017
$2,491.22
$129,540
1.9%

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