To truly increase, real estate values must grow faster than inflation plus an owner's effective property tax rate - an average appreciation of about 4.4 percent in Illinois.
According to the U.S. Bureau of Labor Statistics' Consumer Price Index, the U.S. dollar has experienced an average inflation rate of 2.12 percent annually since 2000.
The average effective property tax rate in Illinois was 2.32 percent in 2018, according to the website WalletHub.com.
Here's how Antioch home prices have performed since 2008.
Antioch historical median home sales
Year
Properties sold (#)
Median sale price (nominal)
Median sale price (real)
Year-over-year change (real)
2008
242
$229,500
$268,515
-
2009
201
$196,225
$229,583.25
-14.5%
2010
179
$195,000
$222,300
-3.2%
2011
168
$180,500
$203,965
-8.2%
2012
219
$155,000
$168,950
-17.2%
2013
298
$165,000
$178,200
5.5%
2014
292
$176,500
$187,090
5%
2015
286
$190,000
$201,400
7.6%
2016
310
$205,000
$215,250
6.9%
2017
366
$210,000
$214,200
-0.5%
2018
408
$225,000
$225,000
5%
Total change in price
-16.2%
Where sale prices were unavailable, the home's assessed value was substituted.
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