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Chicago City Wire

Friday, April 26, 2024

Q2 real estate sales report: Brainerd

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Median prices declined in Brainerd over last year, and are up 35.7 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 92 homes sold in Brainerd for a median price of $81,000. That's 42 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 31 homes in Brainerd were in foreclosure.

Median property tax for homeowners in Brainerd was $2,528 in 2017 according to tax data from that year. That means homeowners pay 1.8 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.

Brainerd real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
53
$59,670
-
2010
60
$85,500
43.3%
2011
49
$79,100
-7.5%
2012
43
$49,050
-38%
2013
61
$54,540
11.2%
2014
56
$58,300
6.9%
2015
55
$86,920
49.1%
2016
85
$68,250
-21.5%
2017
107
$139,740
104.7%
2018
92
$81,000
-42%

Median property tax
Median sale price
Effective property tax rate
2009
$2,318.58
$59,670
3.9%
2010
$2,439.48
$85,500
2.9%
2011
$2,348.63
$79,100
3%
2012
$2,316.64
$49,050
4.7%
2013
$2,193.68
$54,540
4%
2014
$2,104.73
$58,300
3.6%
2015
$2,308.20
$86,920
2.7%
2016
$2,504.49
$68,250
3.7%
2017
$2,527.99
$139,740
1.8%

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