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McHenry Times

Friday, April 26, 2024

Q2 real estate sales report: Bull Valley

Re 8

Median prices rose in Bull Valley over last year, and are up 377 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 8 homes sold in Bull Valley for a median price of $362,750. That's 13.8 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 2 homes in Bull Valley were in foreclosure.

Median property tax for homeowners in Bull Valley was $11,720.49 in 2017 according to tax data from that year. That means homeowners pay 3.7 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.

Bull Valley real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
1
$76,050
-
2010
3
$963,300
1166.7%
2011
3
$339,000
-64.8%
2012
1
$436,000
28.6%
2013
4
$295,650
-32.2%
2014
8
$369,675
25%
2015
8
$362,520
-1.9%
2016
3
$357,000
-1.5%
2017
13
$318,750
-10.7%
2018
8
$362,750
13.8%

Median property tax
Median sale price
Effective property tax rate
2010
$26,963.37
$963,300
2.8%
2011
$4,571.34
$339,000
1.3%
2012
$15,965.97
$436,000
3.7%
2013
$19,412.73
$295,650
6.6%
2014
$11,431
$369,675
3.1%
2015
$14,169.87
$362,520
3.9%
2016
$13,054.69
$357,000
3.7%
2017
$11,720.49
$318,750
3.7%

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