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Peoria Standard

Friday, April 19, 2024

Q4 real estate sales report: Morton

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Median prices rose in Morton over last year, and are down 1.6 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 72 homes sold in Morton for a median price of $177,250. That's 5.7 percent higher than median home sale prices for the fourth quarter of 2017.

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

Median property tax for homeowners in Morton was $3,557.30 in 2016 according to tax data from that year. That means homeowners pay 2.1 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.

Morton real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
71
$180,180
-
2010
55
$201,780
12%
2011
58
$163,003
-19.2%
2012
78
$179,850
10.3%
2013
91
$167,832
-6.7%
2014
80
$179,882
7.2%
2015
68
$180,200
0.2%
2016
91
$173,145
-3.9%
2017
56
$167,739
-3.1%
2018
72
$177,250
5.7%

Median property tax
Median sale price
Effective property tax rate
2009
$2,849.74
$180,180
1.6%
2010
$3,468.32
$201,780
1.7%
2011
$2,867.78
$163,003
1.8%
2012
$3,797.71
$179,850
2.1%
2013
$3,064.97
$167,832
1.8%
2014
$3,284.06
$179,882
1.8%
2015
$3,554.54
$180,200
2%
2016
$3,557.29
$173,145
2.1%

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