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Grundy Reporter

Thursday, April 25, 2024

Q3 real estate sales report: Coal City

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Median prices declined in Coal City over last year, and are down 23.2 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 31 homes sold in Coal City for a median price of $137,000. That's 9.9 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, there were no foreclosures in Coal City.

Median property tax for homeowners in Coal City was $2,975.18 in 2017 according to tax data from that year. That means homeowners pay 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.

Coal City real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
30
$178,425
-
2010
18
$161,310
-9.6%
2011
11
$135,600
-15.9%
2012
23
$125,350
-7.6%
2013
32
$154,170
23%
2014
34
$157,410
2.1%
2015
21
$157,940
0.3%
2016
32
$168,263
6.5%
2017
26
$151,980
-9.7%
2018
31
$137,000
-9.9%

Median property tax
Median sale price
Effective property tax rate
2009
$3,140.03
$178,425
1.8%
2010
$3,372.88
$161,310
2.1%
2011
$2,077.43
$135,600
1.5%
2012
$2,631.60
$125,350
2.1%
2013
$3,056.04
$154,170
2%
2014
$2,753.54
$157,410
1.7%
2015
$3,422.90
$157,940
2.2%
2016
$3,247.30
$168,263
1.9%
2017
$2,975.17
$151,980
2%

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