Peoria Standard

Peoria Standard

Tuesday, October 15, 2019

Q4 real estate sales report: Smithfield

Real Estate

By Local Labs News Service | Apr 22, 2019


Median prices rose in Smithfield over last year, and are down 30.2 percent over 6 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 1 home sold in Smithfield for a price of $35,000. That's 164 percent higher than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, there were no foreclosures in Smithfield.

Median property tax for homeowners in Smithfield 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.

Smithfield real estate: Q4 2013-2018
Properties sold
Median sale price
Change in sale price
2013
1
$50,112
-
2016
1
$26,250
-47.6%
2017
1
$13,260
-49.5%
2018
1
$35,000
164%

Median property tax
Median sale price
Effective property tax rate
2013
$2,149.61
$50,112
4.3%
2016
$737.06
$26,250
2.8%
2017
$0
$13,260
0%

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