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Illinois Valley Times

Saturday, November 23, 2024

LaSalle home prices rise in the first quarter of 2017

Realestate4

The median sale price of a home sold in the first quarter of 2017 in LaSalle rose by $17,500 while total sales decreased by 34.8%, according to BlockShopper.com.

From January through March of 2017, there were 15 homes sold, with a median sale price of $75,000 - a 30.4% increase over the $57,500 median sale price for the same period of the previous year. There were 23 homes sold in LaSalle in the first quarter of 2016.

The median sales tax in LaSalle for 2017 was $1,997.92. In 2016, the median sales tax was $1,955.30. This marks an increase of 2.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.

The following table compares LaSalle to other LaSalle County cities with similar median sales prices in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Earlville57-28.6%$119,900$112,0007.1%
Ottawa644639.1%$105,826.81$97,7508.3%
Marseilles1315-13.3%$89,500$80,00011.9%
Oglesby14955.6%$83,500$64,00030.5%
Peru2425-4%$83,250$60,50037.6%
Seneca59-44.4%$80,000$148,000-45.9%
Mendota231735.3%$78,000$66,25017.7%
LaSalle1523-34.8%$75,000$57,50030.4%
Streator2844-36.4%$62,500$43,75042.9%
Rutland12-50%$3,000$29,000-89.7%
Lostant12-50%$1,500$59,000-97.5%

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