From January to March, 9 homes sold in Mount Olive for a median price of $42,000. That's 12.8 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, there were no foreclosures in Mount Olive.
Median property tax for homeowners in Mount Olive was $483.26 in 2017 according to tax data from that year. That means homeowners pay 1.3 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.
Mount Olive real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
6
$67,275
-
2010
11
$47,880
-28.8%
2011
4
$48,590
1.5%
2012
11
$40,875
-15.9%
2013
10
$44,820
9.7%
2014
2
$18,550
-58.6%
2015
10
$33,390
80%
2016
12
$19,745
-40.9%
2017
16
$37,230
88.6%
2018
9
$42,000
12.8%
Median property tax
Median sale price
Effective property tax rate
2016
$1,729.81
$19,745
8.8%
2017
$483.25
$37,230
1.3%
Alerts Sign-up