Grundy Reporter

Grundy Reporter

Thursday, October 17, 2019

Q1 real estate sales report: Braceville

Real Estate

By Local Labs News Service | Jul 12, 2018


Median prices rose in Braceville over last year, and are down 25.1 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 8 homes sold in Braceville for a median price of $127,000. That's 107.5 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in Braceville.

Median property tax for homeowners in Braceville was $0 in 2017 according to tax data from that year. That means homeowners pay 0 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Braceville real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
1
$169,650
-
2010
2
$119,700
-29.4%
2011
1
$79,100
-33.9%
2012
1
$82,295
4%
2013
2
$67,770
-17.6%
2015
4
$112,360
65.8%
2016
3
$99,750
-11.2%
2017
4
$61,200
-38.6%
2018
8
$127,000
107.5%

Median property tax
Median sale price
Effective property tax rate
2009
$4,495.35
$169,650
2.6%
2010
$1,872.10
$119,700
1.6%
2011
$3,155.41
$79,100
4%
2012
$1,816.68
$82,295
2.2%
2013
$2,788
$67,770
4.1%
2015
$3,102.11
$112,360
2.8%
2016
$3,102.58
$99,750
3.1%
2017
$0
$61,200
0%

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