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Peoria Standard

Thursday, November 21, 2024

Q4 real estate sales report: Rome

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Median prices declined in Rome over last year, and are up 24 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 9 homes sold in Rome for a median price of $121,900. That's 3.6 percent lower than median home sale prices for the fourth quarter of 2017.

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

Median property tax for homeowners in Rome was $3,887.82 in 2017 according to tax data from that year. That means homeowners pay 3.1 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.

Rome real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
6
$98,280
-
2010
7
$108,300
10.2%
2012
2
$100,307
-7.4%
2013
8
$114,693
14.3%
2014
8
$115,540
0.7%
2015
10
$108,385
-6.2%
2016
9
$119,700
10.4%
2017
6
$126,506
5.7%
2018
9
$121,900
-3.6%

Median property tax
Median sale price
Effective property tax rate
2009
$1,502.99
$98,280
1.5%
2010
$2,801.43
$108,300
2.6%
2012
$1,850.72
$100,307
1.8%
2013
$1,928.16
$114,693
1.7%
2014
$2,412.80
$115,540
2.1%
2015
$2,585.35
$108,385
2.4%
2016
$2,297.98
$119,700
1.9%
2017
$3,887.82
$126,506
3.1%

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