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Chicago City Wire

Friday, April 19, 2024

Q1 real estate sales report: Brainerd

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Median prices rose in Brainerd over last year, and are up 10.9 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 78 homes sold in Brainerd for a median price of $86,250. That's 16.2 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 32 homes in Brainerd were in foreclosure.

Median property tax for homeowners in Brainerd was $2,378.19 in 2016 according to tax data from that year. That means homeowners pay 3.8 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.

Brainerd real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
46
$77,805
-
2010
44
$52,440
-32.6%
2011
38
$60,173
14.7%
2012
56
$39,785
-33.9%
2013
56
$51,570
29.6%
2014
54
$48,495
-6%
2015
55
$58,300
20.2%
2016
74
$63,000
8.1%
2017
64
$74,205
17.8%
2018
78
$86,250
16.2%

Median property tax
Median sale price
Effective property tax rate
2009
$2,307.61
$77,805
3%
2010
$2,260.50
$52,440
4.3%
2011
$2,217.98
$60,173
3.7%
2012
$2,109.52
$39,785
5.3%
2013
$2,131.96
$51,570
4.1%
2014
$2,021.10
$48,495
4.2%
2015
$2,393.93
$58,300
4.1%
2016
$2,378.19
$63,000
3.8%

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