Quantcast

DeKalb Times

Friday, April 19, 2024

Q1 real estate sales report: Genoa

Re 7

Median prices declined in Genoa over last year, and are down 54.3 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 5 homes sold in Genoa for a median price of $76,650. That's 44.2 percent lower than median home sale prices for the first quarter of 2017.

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

Median property tax for homeowners in Genoa was $5,563.07 in 2017 according to tax data from that year. That means homeowners pay 4 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.

Genoa real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
1
$167,737
-
2010
5
$162,450
-3.2%
2011
6
$113,031
-30.4%
2012
7
$146,060
29.2%
2013
6
$102,168
-30.1%
2014
7
$160,441
57%
2015
5
$137,694
-14.2%
2016
5
$122,850
-10.8%
2017
2
$137,465
11.9%
2018
5
$76,650
-44.2%

Median property tax
Median sale price
Effective property tax rate
2014
$3,617.22
$160,441
2.3%
2015
$5,249.18
$137,694
3.8%
2016
$4,236.28
$122,850
3.4%
2017
$5,563.06
$137,465
4%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS