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Friday, April 26, 2024

Q1 real estate sales report: Freeport

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Median prices declined in Freeport over last year, and are down 15.1 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 66 homes sold in Freeport for a median price of $36,236. That's 21.1 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in Freeport.

Median property tax for homeowners in Freeport was $2,137.34 in 2016 according to tax data from that year. That means homeowners pay 4 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Freeport real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
20
$42,705
-
2010
45
$78,942
84.9%
2011
36
$70,908
-10.2%
2012
36
$48,778
-31.2%
2013
63
$30,240
-38%
2014
49
$37,100
22.7%
2015
60
$47,700
28.6%
2016
51
$54,075
13.4%
2017
61
$45,900
-15.1%
2018
66
$36,236
-21.1%

Median property tax
Median sale price
Effective property tax rate
2009
$1,739.07
$42,705
4.1%
2010
$1,811.77
$78,942
2.3%
2011
$2,621.01
$70,908
3.7%
2012
$1,995.53
$48,778
4.1%
2013
$1,718.57
$30,240
5.7%
2014
$1,970.17
$37,100
5.3%
2015
$1,769.06
$47,700
3.7%
2016
$2,137.33
$54,075
4%

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