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Sunday, June 22, 2025

Q1 real estate sales report: Monticello

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Median prices declined in Monticello over last year, and are up 794.7 percent over 5 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 24 homes sold in Monticello for a median price of $142,250. That's 0 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in Monticello.

Median property tax for homeowners in Monticello was $2,891.33 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 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Monticello real estate: Q1 2014-2018
Properties sold
Median sale price
Change in sale price
2014
1
$15,900
-
2015
21
$95,400
500%
2016
26
$142,433
49.3%
2017
21
$142,290
-0.1%
2018
24
$142,250
-0%

Median property tax
Median sale price
Effective property tax rate
2014
$1,185.12
$15,900
7.5%
2015
$2,039.90
$95,400
2.1%
2016
$2,891.33
$142,433
2%

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