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Friday, May 17, 2024

Q2 real estate sales report: Lansing

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Median prices rose in Lansing over last year, and are down 10.6 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 161 homes sold in Lansing for a median price of $115,000. That's 32.6 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 20 homes in Lansing were in foreclosure.

Median property tax for homeowners in Lansing was $4,945.77 in 2017 according to tax data from that year. That means homeowners pay 5.7 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.

Lansing real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
42
$128,700
-
2010
78
$121,410
-5.7%
2011
70
$83,055
-31.6%
2012
86
$54,500
-34.4%
2013
133
$82,080
50.6%
2014
88
$90,365
10.1%
2015
115
$87,980
-2.6%
2016
151
$99,750
13.4%
2017
171
$86,700
-13.1%
2018
161
$115,000
32.6%

Median property tax
Median sale price
Effective property tax rate
2009
$4,607.87
$128,700
3.6%
2010
$4,729.44
$121,410
3.9%
2011
$4,126.35
$83,055
5%
2012
$4,041.60
$54,500
7.4%
2013
$4,140.42
$82,080
5%
2014
$3,915.64
$90,365
4.3%
2015
$4,232.43
$87,980
4.8%
2016
$4,325.44
$99,750
4.3%
2017
$4,945.76
$86,700
5.7%

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