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Illinois Valley Times

Monday, December 23, 2024

Q2 real estate sales report: Mendota

Realestate3

Median prices declined in Mendota over last year, and are down 22.8 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 9 homes sold in Mendota for a median price of $75,000. That's 31 percent lower than median home sale prices for the second quarter of 2017.

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

Median property tax for homeowners in Mendota was $2,683.31 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.

Mendota real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
21
$97,110
-
2010
28
$112,689
16%
2011
17
$107,124
-4.9%
2012
19
$107,910
0.7%
2013
15
$103,140
-4.4%
2014
19
$81,620
-20.9%
2015
21
$96,460
18.2%
2016
21
$99,750
3.4%
2017
27
$108,630
8.9%
2018
9
$75,000
-31%

Median property tax
Median sale price
Effective property tax rate
2009
$2,547.71
$97,110
2.6%
2010
$2,996.14
$112,689
2.7%
2011
$2,246.53
$107,124
2.1%
2012
$2,903.14
$107,910
2.7%
2013
$3,129.23
$103,140
3%
2014
$1,831.91
$81,620
2.2%
2015
$2,364.33
$96,460
2.5%
2016
$2,359.79
$99,750
2.4%
2017
$2,683.31
$108,630
2.5%

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