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McHenry Times

Thursday, November 7, 2024

Q2 real estate sales report: Prairie Grove

Realestate5

Median prices rose in Prairie Grove over last year, and are down 20.6 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 17 homes sold in Prairie Grove for a median price of $339,000. That's 14.6 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in Prairie Grove.

Median property tax for homeowners in Prairie Grove was $9,080.04 in 2017 according to tax data from that year. That means homeowners pay 3.1 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.

Prairie Grove real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
4
$427,050
-
2010
8
$353,400
-17.2%
2011
3
$412,450
16.7%
2012
3
$337,900
-18.1%
2013
4
$185,166
-45.2%
2014
1
$91,160
-50.8%
2015
12
$342,910
276.2%
2016
10
$344,138
0.4%
2017
15
$295,800
-14%
2018
17
$339,000
14.6%

Median property tax
Median sale price
Effective property tax rate
2010
$10,278.03
$353,400
2.9%
2011
$11,709.26
$412,450
2.8%
2012
$11,055.36
$337,900
3.3%
2013
$5,870.81
$185,166
3.2%
2014
$4,288.29
$91,160
4.7%
2015
$11,227.35
$342,910
3.3%
2016
$9,747.82
$344,138
2.8%
2017
$9,080.04
$295,800
3.1%

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