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Friday, April 19, 2024

Q1 real estate sales report: Hoopeston

Realestate4

Median prices rose in Hoopeston over last year, and are down 22.1 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 30 homes sold in Hoopeston for a median price of $57,000. That's 36.8 percent higher than median home sale prices for the first quarter of 2017.

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

Median property tax for homeowners in Hoopeston was $1,234.97 in 2016 according to tax data from that year. That means homeowners pay 3.4 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.

Hoopeston real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
7
$73,125
-
2010
4
$75,810
3.7%
2011
4
$53,788
-29%
2012
7
$46,325
-13.9%
2013
3
$88,560
91.2%
2014
7
$58,830
-33.6%
2015
3
$49,820
-15.3%
2016
17
$36,750
-26.2%
2017
18
$41,667
13.4%
2018
30
$57,000
36.8%

Median property tax
Median sale price
Effective property tax rate
2014
$1,125.39
$58,830
1.9%
2015
$800.70
$49,820
1.6%
2016
$1,234.96
$36,750
3.4%

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