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Galesburg Reporter

Saturday, April 20, 2024

Q4 real estate sales report: Abingdon

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Median prices declined in Abingdon over last year, and are down 43.7 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 12 homes sold in Abingdon for a median price of $30,000. That's 43.4 percent lower than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 1 home in Abingdon was in foreclosure.

Median property tax for homeowners in Abingdon was $1,901.81 in 2017 according to tax data from that year. That means homeowners pay 3.6 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.

Abingdon real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
12
$53,305
-
2010
13
$34,200
-35.8%
2011
6
$62,383
82.4%
2012
24
$50,685
-18.8%
2013
14
$41,580
-18%
2014
17
$41,340
-0.6%
2015
11
$21,200
-48.7%
2016
17
$72,450
241.7%
2017
13
$53,040
-26.8%
2018
12
$30,000
-43.4%

Median property tax
Median sale price
Effective property tax rate
2009
$1,780.93
$53,305
3.3%
2010
$1,457.83
$34,200
4.3%
2011
$940.72
$62,383
1.5%
2012
$1,138.59
$50,685
2.2%
2013
$1,319.46
$41,580
3.2%
2014
$1,512.87
$41,340
3.7%
2015
$1,327.69
$21,200
6.3%
2016
$1,794.24
$72,450
2.5%
2017
$1,901.81
$53,040
3.6%

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