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East Central Reporter

Friday, April 19, 2024

Q3 real estate sales report: Oblong

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Median prices rose in Oblong over last year, and are up 55.7 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 17 homes sold in Oblong for a median price of $66,500. That's 57.1 percent higher than median home sale prices for the third quarter of 2017.

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

Median property tax for homeowners in Oblong was $1,408.72 in 2016 according to tax data from that year. That means homeowners pay 2.2 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.

Oblong real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
10
$42,705
-
2010
9
$29,640
-30.6%
2011
8
$53,675
81.1%
2012
10
$65,400
21.8%
2013
11
$54,000
-17.4%
2014
10
$26,500
-50.9%
2015
10
$24,380
-8%
2016
16
$63,000
158.4%
2017
36
$42,330
-32.8%
2018
17
$66,500
57.1%

Median property tax
Median sale price
Effective property tax rate
2016
$1,408.72
$63,000
2.2%

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