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Monday, November 25, 2024

Q3 real estate sales report: Lebanon

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Median prices declined in Lebanon 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, 33 homes sold in Lebanon for a median price of $120,000. That's 32.8 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, there were no foreclosures in Lebanon.

Median property tax for homeowners in Lebanon was $3,117.98 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 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Lebanon real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
20
$127,823
-
2010
29
$102,600
-19.7%
2011
13
$61,020
-40.5%
2012
19
$116,630
91.1%
2013
21
$102,600
-12%
2014
22
$134,355
31%
2015
15
$106,000
-21.1%
2016
28
$108,938
2.8%
2017
24
$178,500
63.9%
2018
33
$120,000
-32.8%

Median property tax
Median sale price
Effective property tax rate
2012
$2,661.36
$116,630
2.3%
2013
$2,383.45
$102,600
2.3%
2014
$3,146.98
$134,355
2.3%
2015
$3,440.88
$106,000
3.2%
2016
$3,117.97
$108,938
2.9%

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