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Saturday, April 20, 2024

Q2 real estate sales report: Savoy

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Median prices rose in Savoy over last year, and are up 28.2 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 38 homes sold in Savoy for a median price of $237,750. That's 12.1 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in Savoy.

Median property tax for homeowners in Savoy was $4,327.88 in 2017 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 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Savoy real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
64
$185,445
-
2010
74
$185,891
0.2%
2011
54
$195,490
5.2%
2012
67
$168,950
-13.6%
2013
54
$156,600
-7.3%
2014
63
$181,260
15.7%
2015
70
$192,920
6.4%
2016
77
$230,475
19.5%
2017
71
$212,058
-8%
2018
38
$237,750
12.1%

Median property tax
Median sale price
Effective property tax rate
2009
$3,471.88
$185,445
1.9%
2010
$2,398.11
$185,891
1.3%
2011
$3,343.81
$195,490
1.7%
2012
$12.49
$168,950
0%
2013
$1,731.13
$156,600
1.1%
2014
$3,264.69
$181,260
1.8%
2015
$2,941.17
$192,920
1.5%
2016
$3,675.92
$230,475
1.6%
2017
$4,327.88
$212,058
2%

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