Quantcast

Galesburg Reporter

Wednesday, November 6, 2024

Q2 real estate sales report: Yates City

Realestate2

Median prices rose in Yates City over last year, and are up 62.6 percent over 9 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 3 homes sold in Yates City for a median price of $120,000. That's 96.9 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in Yates City.

Median property tax for homeowners in Yates City was $19,614 in 2016 according to tax data from that year. That means homeowners pay 35.9 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.

Yates City real estate: Q2 2010-2018
Properties sold
Median sale price
Change in sale price
2010
2
$73,815
-
2011
2
$120,910
63.8%
2012
2
$73,030
-39.6%
2013
4
$43,470
-40.5%
2014
2
$57,770
32.9%
2015
3
$26,500
-54.1%
2016
5
$54,600
106%
2017
6
$60,945
11.6%
2018
3
$120,000
96.9%

Median property tax
Median sale price
Effective property tax rate
2010
$26,385.30
$73,815
35.7%
2011
$44,748
$120,910
37%
2012
$39,414.40
$73,030
54%
2013
$12,538.80
$43,470
28.8%
2014
$17,792.10
$57,770
30.8%
2015
$21,931.40
$26,500
82.8%
2016
$19,614
$54,600
35.9%

MORE NEWS