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Kankakee Times

Wednesday, April 17, 2024

Q1 real estate sales report: Bourbonnais

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Median prices rose in Bourbonnais over last year, and are down 24.5 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 44 homes sold in Bourbonnais for a median price of $163,500. That's 8.4 percent higher than median home sale prices for the first quarter of 2017.

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

Median property tax for homeowners in Bourbonnais was $4,418.11 in 2016 according to tax data from that year. That means homeowners pay 2.9 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.

Bourbonnais real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
46
$216,450
-
2010
38
$182,400
-15.7%
2011
41
$162,720
-10.8%
2012
50
$177,125
8.9%
2013
55
$158,760
-10.4%
2014
49
$169,600
6.8%
2015
39
$196,100
15.6%
2016
56
$153,825
-21.6%
2017
53
$150,858
-1.9%
2018
44
$163,500
8.4%

Median property tax
Median sale price
Effective property tax rate
2009
$4,658.68
$216,450
2.2%
2010
$3,843.97
$182,400
2.1%
2011
$4,034.71
$162,720
2.5%
2012
$4,422.59
$177,125
2.5%
2013
$4,144.19
$158,760
2.6%
2014
$4,583.97
$169,600
2.7%
2015
$4,916.37
$196,100
2.5%
2016
$4,418.10
$153,825
2.9%

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