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Illinois Valley Times

Friday, November 22, 2024

Q3 real estate sales report: Morris

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Median prices rose in Morris over last year, and are up 3.5 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 84 homes sold in Morris for a median price of $191,325. That's 5.1 percent higher than median home sale prices for the third quarter of 2017.

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

Median property tax for homeowners in Morris was $3,371.30 in 2017 according to tax data from that year. That means homeowners pay 1.9 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.

Morris real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
57
$184,860
-
2010
40
$186,105
0.7%
2011
44
$146,618
-21.2%
2012
61
$184,210
25.6%
2013
65
$189,000
2.6%
2014
80
$171,190
-9.4%
2015
90
$193,715
13.2%
2016
77
$173,145
-10.6%
2017
78
$182,070
5.2%
2018
84
$191,325
5.1%

Median property tax
Median sale price
Effective property tax rate
2009
$4,336.93
$184,860
2.3%
2010
$4,185.32
$186,105
2.2%
2011
$3,577.29
$146,618
2.4%
2012
$3,664.71
$184,210
2%
2013
$3,917.54
$189,000
2.1%
2014
$3,608.65
$171,190
2.1%
2015
$3,876.45
$193,715
2%
2016
$3,868.41
$173,145
2.2%
2017
$3,371.30
$182,070
1.9%

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