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Friday, April 26, 2024

Q2 real estate sales report: O'Fallon

Realestate4

Median prices declined in O'Fallon over last year, and are down 33.6 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 97 homes sold in O'Fallon for a median price of $195,000. That's 9 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in O'Fallon.

Median property tax for homeowners in O'Fallon was $4,892.06 in 2016 according to tax data from that year. That means homeowners pay 2.5 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.

O'Fallon real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
130
$293,670
-
2010
165
$208,620
-29%
2011
126
$199,445
-4.4%
2012
120
$198,653
-0.4%
2013
151
$199,800
0.6%
2014
143
$206,700
3.5%
2015
196
$209,350
1.3%
2016
188
$199,500
-4.7%
2017
180
$214,200
7.4%
2018
97
$195,000
-9%

Median property tax
Median sale price
Effective property tax rate
2012
$4,047
$198,653
2%
2013
$4,171.05
$199,800
2.1%
2014
$4,057
$206,700
2%
2015
$4,661.10
$209,350
2.2%
2016
$4,892.05
$199,500
2.5%

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