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Will County Gazette

Saturday, April 20, 2024

Q1 real estate sales report: Monee

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Median prices rose in Monee over last year, and are down 19.5 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 Monee for a median price of $184,750. That's 11.8 percent higher than median home sale prices for the first quarter of 2017.

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

Median property tax for homeowners in Monee 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.

Monee real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
32
$229,573
-
2010
27
$239,400
4.3%
2011
19
$200,575
-16.2%
2012
14
$161,320
-19.6%
2013
17
$125,820
-22%
2014
28
$169,070
34.4%
2015
17
$139,814
-17.3%
2016
13
$156,450
11.9%
2017
30
$165,240
5.6%
2018
8
$184,750
11.8%

Median property tax
Median sale price
Effective property tax rate
2010
$7,494.54
$239,400
3.1%
2011
$6,821.62
$200,575
3.4%
2012
$5,868.91
$161,320
3.6%
2013
$5,232.25
$125,820
4.2%
2014
$6,184.11
$169,070
3.7%
2015
$5,325.69
$139,814
3.8%
2016
$5,599.12
$156,450
3.6%
2017
$0
$165,240
0%

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