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Sunday, August 3, 2025

Q3 real estate sales report: Homer

Realestate3

Median prices declined in Homer over last year, and are down 61.1 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 8 homes sold in Homer for a median price of $40,000. That's 56.4 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, there were no foreclosures in Homer.

Median property tax for homeowners in Homer was $2,344.78 in 2017 according to tax data from that year. That means homeowners pay 2.6 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.

Homer real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
13
$102,960
-
2010
10
$50,730
-50.7%
2011
5
$103,960
104.9%
2012
11
$62,130
-40.2%
2013
10
$83,592
34.5%
2014
9
$57,134
-31.7%
2015
6
$80,825
41.5%
2016
12
$119,123
47.4%
2017
15
$91,800
-22.9%
2018
8
$40,000
-56.4%

Median property tax
Median sale price
Effective property tax rate
2009
$2,074.38
$102,960
2%
2010
$1,513.63
$50,730
3%
2011
$1,697.82
$103,960
1.6%
2012
$1,693.66
$62,130
2.7%
2013
$2,442.12
$83,592
2.9%
2014
$2,051.33
$57,134
3.6%
2015
$2,936.54
$80,825
3.6%
2016
$2,532.76
$119,123
2.1%
2017
$2,344.77
$91,800
2.6%

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