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Friday, November 22, 2024

Q1 real estate sales report: Minooka

Realestate5

Median prices declined in Minooka over last year, and are down 16.4 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 37 homes sold in Minooka for a median price of $175,000. That's 0.5 percent lower than median home sale prices for the first quarter of 2017.

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

Median property tax for homeowners in Minooka 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.

Minooka real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
50
$209,430
-
2010
24
$187,245
-10.6%
2011
34
$168,451
-10%
2012
35
$150,420
-10.7%
2013
59
$162,000
7.7%
2014
46
$145,220
-10.4%
2015
38
$197,690
36.1%
2016
59
$188,895
-4.4%
2017
38
$175,950
-6.9%
2018
37
$175,000
-0.5%

Median property tax
Median sale price
Effective property tax rate
2009
$4,813.21
$209,430
2.3%
2010
$5,518.09
$187,245
2.9%
2011
$5,080.44
$168,451
3%
2012
$4,344.26
$150,420
2.9%
2013
$4,715.71
$162,000
2.9%
2014
$3,483.37
$145,220
2.4%
2015
$4,436.42
$197,690
2.2%
2016
$5,304.87
$188,895
2.8%
2017
$0
$175,950
0%

Editor's note: This story has been updated to include real estate data for Minooka spanning multiple counties.

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