From April to June, 5 homes sold in Lanark for a median price of $78,000. That's 135.3 percent higher than median home sale prices for the second quarter of 2017.
In the second quarter, there were no foreclosures in Lanark.
Median property tax for homeowners in Lanark was $1,494.21 in 2016 according to tax data from that year. That means homeowners pay 3.6 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.
Lanark real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
13
$45,630
-
2010
7
$79,800
74.9%
2011
6
$81,925
2.7%
2012
3
$47,960
-41.5%
2013
7
$48,600
1.3%
2014
8
$47,435
-2.4%
2015
4
$12,720
-73.2%
2016
5
$42,000
230.2%
2017
5
$33,150
-21.1%
2018
5
$78,000
135.3%
Median property tax
Median sale price
Effective property tax rate
2009
$1,190.70
$45,630
2.6%
2010
$1,521.44
$79,800
1.9%
2011
$2,384.05
$81,925
2.9%
2012
$658.86
$47,960
1.4%
2013
$1,192.64
$48,600
2.5%
2014
$1,241.62
$47,435
2.6%
2015
$802.17
$12,720
6.3%
2016
$1,494.21
$42,000
3.6%
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