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Thursday, April 18, 2024

Q2 real estate sales report: Mahomet

Realestate2

Median prices rose in Mahomet over last year, and are up 21 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 47 homes sold in Mahomet for a median price of $255,500. That's 21.1 percent higher than median home sale prices for the second quarter of 2017.

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

Median property tax for homeowners in Mahomet was $5,194.17 in 2017 according to tax data from that year. That means homeowners pay 2.5 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.

Mahomet real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
59
$211,185
-
2010
72
$199,500
-5.5%
2011
60
$155,658
-22%
2012
86
$208,463
33.9%
2013
76
$200,880
-3.6%
2014
89
$195,040
-2.9%
2015
106
$194,245
-0.4%
2016
99
$231,000
18.9%
2017
93
$211,038
-8.6%
2018
47
$255,500
21.1%

Median property tax
Median sale price
Effective property tax rate
2009
$4,124.47
$211,185
2%
2010
$4,057.48
$199,500
2%
2011
$3,494.44
$155,658
2.2%
2012
$3,671.44
$208,463
1.8%
2013
$3,659.76
$200,880
1.8%
2014
$3,869.89
$195,040
2%
2015
$3,499.08
$194,245
1.8%
2016
$4,077.22
$231,000
1.8%
2017
$5,194.16
$211,038
2.5%

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