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Peoria Standard

Thursday, April 18, 2024

Q3 real estate sales report: Morton

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Median prices rose in Morton over last year, and are up 5.6 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 108 homes sold in Morton for a median price of $190,250. That's 9.9 percent higher than median home sale prices for the third quarter of 2017.

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

Median property tax for homeowners in Morton was $3,664.23 in 2016 according to tax data from that year. That means homeowners pay 2 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.

Morton real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
82
$180,180
-
2010
70
$180,405
0.1%
2011
87
$194,654
7.9%
2012
117
$176,580
-9.3%
2013
97
$172,800
-2.1%
2014
97
$180,200
4.3%
2015
113
$174,900
-2.9%
2016
78
$185,850
6.3%
2017
82
$173,094
-6.9%
2018
108
$190,250
9.9%

Median property tax
Median sale price
Effective property tax rate
2009
$3,411.67
$180,180
1.9%
2010
$3,462.68
$180,405
1.9%
2011
$3,386.22
$194,654
1.7%
2012
$3,535.25
$176,580
2%
2013
$3,343.29
$172,800
1.9%
2014
$3,604.06
$180,200
2%
2015
$3,472.75
$174,900
2%
2016
$3,664.22
$185,850
2%

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