Quantcast

East Central Reporter

Sunday, July 20, 2025

Q1 real estate sales report: Palestine

Re 3

Median prices declined in Palestine over last year, and are down 53.7 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 5 homes sold in Palestine for a median price of $32,500. That's 45.1 percent lower than median home sale prices for the first quarter of 2017.

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

Median property tax for homeowners in Palestine was $1,335.38 in 2016 according to tax data from that year. That means homeowners pay 5.1 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.

Palestine real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
5
$70,200
-
2010
3
$67,260
-4.2%
2011
8
$46,613
-30.7%
2012
4
$44,145
-5.3%
2013
4
$17,766
-59.8%
2014
5
$21,200
19.3%
2015
8
$36,570
72.5%
2016
7
$26,250
-28.2%
2017
9
$59,160
125.4%
2018
5
$32,500
-45.1%

Median property tax
Median sale price
Effective property tax rate
2016
$1,335.37
$26,250
5.1%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS