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Tuesday, April 23, 2024

Q2 real estate sales report: Morrison

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Median prices declined in Morrison over last year, and are down 7.5 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 21 homes sold in Morrison for a median price of $82,000. That's 26.9 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in Morrison.

Median property tax for homeowners in Morrison was $2,325.54 in 2016 according to tax data from that year. That means homeowners pay 2.4 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.

Morrison real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
22
$88,628
-
2010
12
$157,320
77.5%
2011
20
$110,458
-29.8%
2012
26
$92,378
-16.4%
2013
19
$94,151
1.9%
2014
29
$74,200
-21.2%
2015
26
$84,270
13.6%
2016
33
$96,600
14.6%
2017
35
$112,200
16.1%
2018
21
$82,000
-26.9%

Median property tax
Median sale price
Effective property tax rate
2009
$2,031.96
$88,628
2.3%
2010
$3,344.62
$157,320
2.1%
2011
$2,809.18
$110,458
2.5%
2012
$1,928.21
$92,378
2.1%
2013
$2,414.34
$94,151
2.6%
2014
$1,997.29
$74,200
2.7%
2015
$2,281.50
$84,270
2.7%
2016
$2,325.54
$96,600
2.4%

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