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Will County Gazette

Thursday, April 18, 2024

Q3 real estate sales report: Manhattan

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Median prices rose in Manhattan over last year, and are up 11.7 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 58 homes sold in Manhattan for a median price of $269,350. That's 5.6 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, 2 homes in Manhattan were in foreclosure.

Median property tax for homeowners in Manhattan was $5,608.41 in 2017 according to tax data from that year. That means homeowners pay 2.2 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.

Manhattan real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
37
$241,238
-
2010
38
$184,626
-23.5%
2011
29
$205,660
11.4%
2012
59
$191,840
-6.7%
2013
69
$192,240
0.2%
2014
46
$242,740
26.3%
2015
57
$222,600
-8.3%
2016
68
$217,875
-2.1%
2017
67
$255,000
17%
2018
58
$269,350
5.6%

Median property tax
Median sale price
Effective property tax rate
2010
$5,920.78
$184,626
3.2%
2011
$6,769.73
$205,660
3.3%
2012
$6,692.07
$191,840
3.5%
2013
$5,671.49
$192,240
3%
2014
$6,033.63
$242,740
2.5%
2015
$4,993.25
$222,600
2.2%
2016
$5,098.96
$217,875
2.3%
2017
$5,608.40
$255,000
2.2%

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