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Illinois Valley Times

Saturday, November 23, 2024

Q3 real estate sales report: Ottawa

Realestate2

Median prices rose in Ottawa over last year, and are down 17.7 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 47 homes sold in Ottawa for a median price of $115,000. That's 9.5 percent higher than median home sale prices for the third quarter of 2017.

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

Median property tax for homeowners in Ottawa was $3,250.80 in 2017 according to tax data from that year. That means homeowners pay 3.1 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.

Ottawa real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
64
$139,815
-
2010
41
$105,450
-24.6%
2011
53
$107,350
1.8%
2012
63
$132,980
23.9%
2013
87
$127,980
-3.8%
2014
95
$127,200
-0.6%
2015
81
$130,380
2.5%
2016
88
$125,711
-3.6%
2017
88
$105,060
-16.4%
2018
47
$115,000
9.5%

Median property tax
Median sale price
Effective property tax rate
2009
$4,067.38
$139,815
2.9%
2010
$3,005.15
$105,450
2.8%
2011
$3,063.56
$107,350
2.9%
2012
$3,609.81
$132,980
2.7%
2013
$3,262.74
$127,980
2.5%
2014
$2,940.03
$127,200
2.3%
2015
$3,863.49
$130,380
3%
2016
$3,412.30
$125,711
2.7%
2017
$3,250.80
$105,060
3.1%

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