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Friday, April 26, 2024

Q3 real estate sales report: Mahomet

Realestate077

Median prices declined in Mahomet over last year, and are up 16.6 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 75 homes sold in Mahomet for a median price of $225,000. That's 6.9 percent lower than median home sale prices for the third quarter of 2017.

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

Median property tax for homeowners in Mahomet was $4,865.71 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.

Mahomet real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
74
$192,992
-
2010
63
$198,930
3.1%
2011
53
$208,485
4.8%
2012
87
$212,550
1.9%
2013
101
$194,400
-8.5%
2014
93
$196,630
1.1%
2015
115
$235,320
19.7%
2016
95
$236,145
0.4%
2017
86
$241,740
2.4%
2018
75
$225,000
-6.9%

Median property tax
Median sale price
Effective property tax rate
2009
$3,837.65
$192,992
2%
2010
$3,707.48
$198,930
1.9%
2011
$3,694.76
$208,485
1.8%
2012
$3,662.17
$212,550
1.7%
2013
$3,290.47
$194,400
1.7%
2014
$3,402.65
$196,630
1.7%
2015
$3,367.23
$235,320
1.4%
2016
$3,789.30
$236,145
1.6%
2017
$4,865.70
$241,740
2%

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