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Tuesday, April 16, 2024

Q3 real estate sales report: Lansing

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Median prices rose in Lansing over last year, and are down 6.1 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 159 homes sold in Lansing for a median price of $117,500. That's 4.7 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, 18 homes in Lansing were in foreclosure.

Median property tax for homeowners in Lansing was $4,818.36 in 2017 according to tax data from that year. That means homeowners pay 4.3 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: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
88
$125,190
-
2010
56
$109,155
-12.8%
2011
77
$90,400
-17.2%
2012
93
$81,750
-9.6%
2013
129
$81,000
-0.9%
2014
150
$100,435
24%
2015
152
$101,230
0.8%
2016
167
$110,250
8.9%
2017
161
$112,200
1.8%
2018
159
$117,500
4.7%

Median property tax
Median sale price
Effective property tax rate
2009
$4,482.12
$125,190
3.6%
2010
$4,995.70
$109,155
4.6%
2011
$3,947.92
$90,400
4.4%
2012
$3,797.62
$81,750
4.6%
2013
$4,410.60
$81,000
5.4%
2014
$3,998.66
$100,435
4%
2015
$4,129
$101,230
4.1%
2016
$4,410.44
$110,250
4%
2017
$4,818.35
$112,200
4.3%

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