To truly increase, real estate values must grow faster than inflation plus an owner's effective property tax rate - an average appreciation of about 5 percent in Illinois.
According to the U.S. Bureau of Labor Statistics' Consumer Price Index, the U.S. dollar has experienced an average inflation rate of 2.47 percent annually since 2000.
The average effective property tax rate in Illinois was 2.3 percent in 2017, according to the Illinois Policy Institute.
Here's how Andalusia home prices have performed since 2007.
Andalusia historical median home sales
Year
Properties sold (#)
Median sale price (nominal)
Median sale price (real)
Year-over-year change
2007
26
$92,500
$109,150
-
2008
27
$100,000
$112,000
2.6%
2009
23
$97,000
$110,580
-1.3%
2010
17
$116,000
$129,920
17.5%
2011
15
$114,000
$124,260
-4.4%
2012
37
$103,000
$110,210
-11.3%
2013
34
$117,250
$123,112.50
11.7%
2014
29
$107,000
$110,210
-10.5%
2015
45
$124,500
$128,235
16.4%
2016
32
$130,000
$132,600
3.4%
2017
24
$127,000
$127,000
-4.2%
Total change in price
16.4%
Where sale prices were unavailable, the home's assessed value was substituted.
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