From October to December, 6 homes sold in Mount Olive for a median price of $47,500. That's 23 percent lower than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, there were no foreclosures in Mount Olive.
Median property tax for homeowners in Mount Olive was $1,716.60 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.
Mount Olive real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
7
$40,950
-
2010
6
$37,518
-8.4%
2011
11
$59,890
59.6%
2012
9
$70,850
18.3%
2013
13
$39,177
-44.7%
2014
10
$56,710
44.8%
2015
10
$38,690
-31.8%
2016
14
$37,538
-3%
2017
7
$61,710
64.4%
2018
6
$47,500
-23%
Median property tax
Median sale price
Effective property tax rate
2016
$1,106.79
$37,538
2.9%
2017
$1,716.59
$61,710
2.8%
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