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McHenry Times

Thursday, April 18, 2024

Q4 real estate sales report: Bull Valley

Re 8

Median prices rose in Bull Valley over last year, and are up 15.6 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 8 homes sold in Bull Valley for a median price of $562,500. That's 62.8 percent higher than median home sale prices for the fourth quarter of 2017.

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

Median property tax for homeowners in Bull Valley was $11,054.84 in 2017 according to tax data from that year. That means homeowners pay 3.2 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.

Bull Valley real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
3
$486,720
-
2011
5
$348,040
-28.5%
2012
1
$223,450
-35.8%
2013
4
$337,770
51.2%
2014
7
$360,400
6.7%
2015
7
$359,340
-0.3%
2016
8
$464,625
29.3%
2017
12
$345,525
-25.6%
2018
8
$562,500
62.8%

Median property tax
Median sale price
Effective property tax rate
2011
$12,547.38
$348,040
3.6%
2012
$12,306.88
$223,450
5.5%
2013
$10,761.69
$337,770
3.2%
2014
$13,582.39
$360,400
3.8%
2015
$11,270.59
$359,340
3.1%
2016
$14,153.71
$464,625
3%
2017
$11,054.84
$345,525
3.2%

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