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Lake County Gazette

Friday, April 26, 2024

Q2 real estate sales report: Spring Grove

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Median prices declined in Spring Grove over last year, and are down 8.9 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 38 homes sold in Spring Grove for a median price of $282,500. That's 2.5 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 1 home in Spring Grove was in foreclosure.

Median property tax for homeowners in Spring Grove was $8,094.74 in 2017 according to tax data from that year. That means homeowners pay 2.8 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.

Spring Grove real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
14
$310,050
-
2010
11
$293,550
-5.3%
2011
15
$259,900
-11.5%
2012
18
$216,638
-16.6%
2013
24
$238,950
10.3%
2014
34
$265,530
11.1%
2015
27
$268,710
1.2%
2016
26
$297,150
10.6%
2017
31
$289,680
-2.5%
2018
38
$282,500
-2.5%

Median property tax
Median sale price
Effective property tax rate
2009
$2,900.78
$310,050
0.9%
2010
$8,423.91
$293,550
2.9%
2011
$7,825.25
$259,900
3%
2012
$6,438.40
$216,638
3%
2013
$8,050.87
$238,950
3.4%
2014
$8,336.40
$265,530
3.1%
2015
$8,611.35
$268,710
3.2%
2016
$9,164.14
$297,150
3.1%
2017
$8,094.74
$289,680
2.8%

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