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West Central Reporter

Thursday, April 18, 2024

Q2 real estate sales report: Franklin

Re 7

Median prices rose in Franklin over last year, and are down 16.3 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 7 homes sold in Franklin for a median price of $95,000. That's 304.9 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in Franklin.

Median property tax for homeowners in Franklin was $0 in 2017 according to tax data from that year. That means homeowners pay 0 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.

Franklin real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
5
$113,490
-
2010
4
$81,795
-27.9%
2011
2
$85,315
4.3%
2012
2
$41,148
-51.8%
2013
2
$106,920
159.8%
2014
3
$101,760
-4.8%
2015
5
$84,800
-16.7%
2016
4
$66,360
-21.7%
2017
3
$23,460
-64.6%
2018
7
$95,000
304.9%

Median property tax
Median sale price
Effective property tax rate
2009
$1,960.68
$113,490
1.7%
2010
$1,141.88
$81,795
1.4%
2011
$1,829.83
$85,315
2.1%
2012
$1,609.25
$41,148
3.9%
2013
$1,909.45
$106,920
1.8%
2014
$1,908.72
$101,760
1.9%
2015
$1,706.66
$84,800
2%
2016
$1,388.01
$66,360
2.1%
2017
$0
$23,460
0%

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