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Galesburg Reporter

Tuesday, November 5, 2024

Q3 real estate sales report: London Mills

Realestate3

Median prices declined in London Mills over last year, and are up 664.3 percent over 8 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 1 home sold in London Mills for a price of $95,000. That's 52.1 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, there were no foreclosures in London Mills.

Median property tax for homeowners in London Mills was $4,419.34 in 2017 according to tax data from that year. That means homeowners pay 2.2 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.

London Mills real estate: Q3 2011-2018
Properties sold
Median sale price
Change in sale price
2011
1
$12,430
-
2012
1
$75,210
505.1%
2017
2
$198,390
163.8%
2018
1
$95,000
-52.1%

Median property tax
Median sale price
Effective property tax rate
2011
$5,313.07
$12,430
42.7%
2012
$3,475.77
$75,210
4.6%
2017
$4,419.34
$198,390
2.2%

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