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McHenry Times

Friday, November 15, 2024

Q2 real estate sales report: Lawrence

Realestate4

Median prices rose in Lawrence over last year, and are up 20.4 percent over 4 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 2 homes sold in Lawrence for a median price of $146,750. That's 33.8 percent higher than median home sale prices for the second quarter of 2017.

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

Median property tax for homeowners in Lawrence was $500.53 in 2017 according to tax data from that year. That means homeowners pay 0.5 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.

Lawrence real estate: Q2 2015-2018
Properties sold
Median sale price
Change in sale price
2015
1
$121,900
-
2016
1
$21,000
-82.8%
2017
1
$109,650
422.1%
2018
2
$146,750
33.8%

Median property tax
Median sale price
Effective property tax rate
2015
$2,352.33
$121,900
1.9%
2016
$497.74
$21,000
2.4%
2017
$500.53
$109,650
0.5%

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