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Sunday, February 16, 2020

Q4 real estate sales report: Fairmont

Real Estate

By Local Labs News Service | Apr 6, 2019

Realestate1

Median prices declined in Fairmont over last year, and are up 47.4 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 5 homes sold in Fairmont for a median price of $69,000. That's 9.8 percent lower than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, there were no foreclosures in Fairmont.

Median property tax for homeowners in Fairmont was $2,364.67 in 2017 according to tax data from that year. That means homeowners pay 3.1 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.

Fairmont real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
11
$46,800
-
2010
10
$81,236
73.6%
2011
9
$56,500
-30.4%
2012
7
$56,020
-0.8%
2013
13
$36,933
-34.1%
2014
4
$48,760
32%
2015
6
$64,660
32.6%
2016
10
$47,250
-26.9%
2017
7
$76,500
61.9%
2018
5
$69,000
-9.8%

Median property tax
Median sale price
Effective property tax rate
2010
$2,633.60
$81,236
3.2%
2011
$3,138.14
$56,500
5.6%
2012
$2,148.41
$56,020
3.8%
2013
$2,355.13
$36,933
6.4%
2014
$1,679.68
$48,760
3.4%
2015
$2,011.43
$64,660
3.1%
2016
$1,455.90
$47,250
3.1%
2017
$2,364.66
$76,500
3.1%

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