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South Central Reporter

Thursday, May 2, 2024

Q1 real estate sales report: Virden

Realestate077

Median prices rose in Virden over last year, and are up 145.7 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 10 homes sold in Virden for a median price of $57,500. That's 12.7 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in Virden.

Median property tax for homeowners in Virden was $1,133.42 in 2017 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 2.22 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.

Virden real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
5
$23,400
-
2010
9
$71,434
205.3%
2011
4
$53,816
-24.7%
2012
7
$78,480
45.8%
2013
9
$44,280
-43.6%
2014
5
$68,900
55.6%
2015
14
$70,013
1.6%
2016
18
$68,303
-2.4%
2017
27
$51,000
-25.3%
2018
10
$57,500
12.7%

Median property tax
Median sale price
Effective property tax rate
2016
$1,770.59
$68,303
2.6%
2017
$1,133.42
$51,000
2.2%

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