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Kankakee Times

Sunday, December 29, 2024

Q4 real estate sales report: Momence

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Median prices rose in Momence over last year, and are down 14.5 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 18 homes sold in Momence for a median price of $100,500. That's 1.1 percent higher than median home sale prices for the fourth quarter of 2017.

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

Median property tax for homeowners in Momence was $2,367.97 in 2017 according to tax data from that year. That means homeowners pay 2.4 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.

Momence real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
14
$117,585
-
2010
17
$114,000
-3%
2011
18
$63,647
-44.2%
2012
13
$105,730
66.1%
2013
16
$111,780
5.7%
2014
14
$113,950
1.9%
2015
10
$95,665
-16%
2016
20
$140,123
46.5%
2017
27
$99,450
-29%
2018
18
$100,500
1.1%

Median property tax
Median sale price
Effective property tax rate
2009
$2,297.11
$117,585
2%
2010
$2,365.81
$114,000
2.1%
2011
$2,336.35
$63,647
3.7%
2012
$2,209.99
$105,730
2.1%
2013
$2,569.46
$111,780
2.3%
2014
$1,961.16
$113,950
1.7%
2015
$3,040.35
$95,665
3.2%
2016
$3,513.12
$140,123
2.5%
2017
$2,367.97
$99,450
2.4%

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