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McHenry Times

Monday, November 25, 2024

Q2 real estate sales report: Marengo

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Median prices rose in Marengo over last year, and are up 2.7 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 35 homes sold in Marengo for a median price of $164,000. That's 11.3 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 1 home in Marengo was in foreclosure.

Median property tax for homeowners in Marengo was $4,493.33 in 2017 according to tax data from that year. That means homeowners pay 3 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.

Marengo real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
21
$159,705
-
2010
18
$152,760
-4.3%
2011
17
$101,700
-33.4%
2012
18
$129,983
27.8%
2013
24
$93,960
-27.7%
2014
31
$118,720
26.4%
2015
27
$148,400
25%
2016
32
$157,500
6.1%
2017
36
$147,390
-6.4%
2018
35
$164,000
11.3%

Median property tax
Median sale price
Effective property tax rate
2010
$4,831.59
$152,760
3.2%
2011
$4,203.01
$101,700
4.1%
2012
$4,551.99
$129,983
3.5%
2013
$4,428.68
$93,960
4.7%
2014
$3,777.96
$118,720
3.2%
2015
$5,420.56
$148,400
3.7%
2016
$4,948.71
$157,500
3.1%
2017
$4,493.33
$147,390
3%

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