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Illinois Valley Times

Saturday, November 23, 2024

Q3 real estate sales report: Millington

Realestate1

Median prices declined in Millington over last year, and are up 70.9 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 2 homes sold in Millington for a median price of $191,000. That's 16.2 percent lower than median home sale prices for the third quarter of 2017.

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

Median property tax for homeowners in Millington was $5,599.17 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.

Millington real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
2
$111,735
-
2011
1
$80,230
-28.2%
2013
1
$186,300
132.2%
2014
2
$262,454
40.9%
2015
3
$111,300
-57.6%
2016
1
$214,989
93.2%
2017
2
$227,970
6%
2018
2
$191,000
-16.2%

Median property tax
Median sale price
Effective property tax rate
2009
$3,113.80
$111,735
2.8%
2011
$34.84
$80,230
0%
2013
$4,426.57
$186,300
2.4%
2014
$5,608.25
$262,454
2.1%
2015
$3,889.43
$111,300
3.5%
2016
$4,261.27
$214,989
2%
2017
$5,599.16
$227,970
2.5%

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