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Monday, November 25, 2024

Q2 real estate sales report: Savanna

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Median prices declined in Savanna over last year, and are up 1.4 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 22 homes sold in Savanna for a median price of $44,500. That's 27.3 percent lower than median home sale prices for the second quarter of 2017.

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

Median property tax for homeowners in Savanna was $720.74 in 2016 according to tax data from that year. That means homeowners pay 2 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.

Savanna real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
11
$43,875
-
2010
12
$49,020
11.7%
2011
13
$44,070
-10.1%
2012
18
$47,957
8.8%
2013
14
$31,050
-35.3%
2014
15
$46,640
50.2%
2015
10
$36,204
-22.4%
2016
9
$36,750
1.5%
2017
7
$61,200
66.5%
2018
22
$44,500
-27.3%

Median property tax
Median sale price
Effective property tax rate
2009
$1,120.46
$43,875
2.6%
2010
$1,294.97
$49,020
2.6%
2011
$1,376.43
$44,070
3.1%
2012
$1,210.21
$47,957
2.5%
2013
$1,457.82
$31,050
4.7%
2014
$1,653.02
$46,640
3.5%
2015
$1,037.18
$36,204
2.9%
2016
$720.74
$36,750
2%

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