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Illinois Valley Times

Thursday, April 18, 2024

Q4 real estate sales report: Ottawa

Realestate1

Median prices rose in Ottawa over last year, and are up 28.5 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 3 homes sold in Ottawa for a median price of $162,000. That's 62.9 percent higher than median home sale prices for the fourth quarter of 2017.

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

Median property tax for homeowners in Ottawa was $3,010.81 in 2017 according to tax data from that year. That means homeowners pay 3 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: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
72
$126,068
-
2010
43
$108,300
-14.1%
2011
49
$107,350
-0.9%
2012
84
$106,455
-0.8%
2013
67
$97,200
-8.7%
2014
59
$131,970
35.8%
2015
71
$120,310
-8.8%
2016
86
$141,750
17.8%
2017
93
$99,450
-29.8%
2018
3
$162,000
62.9%

Median property tax
Median sale price
Effective property tax rate
2009
$3,120.20
$126,068
2.5%
2010
$3,821.85
$108,300
3.5%
2011
$3,502.27
$107,350
3.3%
2012
$2,781.09
$106,455
2.6%
2013
$2,501.66
$97,200
2.6%
2014
$3,056.55
$131,970
2.3%
2015
$2,809.36
$120,310
2.3%
2016
$3,697.23
$141,750
2.6%
2017
$3,010.80
$99,450
3%

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