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Sunday, August 3, 2025

Q4 real estate sales report: Morrison

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Median prices declined in Morrison over last year, and are down 12.6 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 29 homes sold in Morrison for a median price of $90,000. That's 19.8 percent lower than median home sale prices for the fourth quarter of 2017.

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

Median property tax for homeowners in Morrison was $2,496.33 in 2017 according to tax data from that year. That means homeowners pay 2.2 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.

Morrison real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
35
$102,960
-
2010
19
$102,600
-0.3%
2011
19
$93,225
-9.1%
2012
20
$79,025
-15.2%
2013
23
$95,040
20.3%
2014
29
$111,300
17.1%
2015
22
$84,800
-23.8%
2016
25
$105,000
23.8%
2017
30
$112,200
6.9%
2018
29
$90,000
-19.8%

Median property tax
Median sale price
Effective property tax rate
2009
$2,290.71
$102,960
2.2%
2010
$1,869.05
$102,600
1.8%
2011
$1,774.78
$93,225
1.9%
2012
$1,675.11
$79,025
2.1%
2013
$2,389.65
$95,040
2.5%
2014
$2,349.82
$111,300
2.1%
2015
$2,117.21
$84,800
2.5%
2016
$2,154.87
$105,000
2.1%
2017
$2,496.32
$112,200
2.2%

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