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Illinois Valley Times

Friday, November 22, 2024

Q2 real estate sales report: Mark

Re 2

Median prices declined in Mark over last year, and are down 28.8 percent over 7 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 3 homes sold in Mark for a median price of $44,500. That's 38.6 percent lower than median home sale prices for the second quarter of 2017.

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

Median property tax for homeowners in Mark was $738 in 2016 according to tax data from that year. That means homeowners pay 1.4 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.

Mark real estate: Q2 2012-2018
Properties sold
Median sale price
Change in sale price
2012
2
$62,512
-
2013
2
$139,860
123.7%
2014
3
$164,300
17.5%
2015
1
$86,920
-47.1%
2016
1
$50,925
-41.4%
2017
2
$72,420
42.2%
2018
3
$44,500
-38.6%

Median property tax
Median sale price
Effective property tax rate
2012
$969.22
$62,512
1.6%
2013
$2,127.39
$139,860
1.5%
2014
$2,893.92
$164,300
1.8%
2015
$1,623.22
$86,920
1.9%
2016
$738
$50,925
1.4%

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