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Illinois Valley Times

Monday, November 18, 2024

Peru home prices fall in the third quarter of 2017

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The median sale price of a home sold in the third quarter of 2017 in Peru fell by $18,425 while total sales decreased by 47.8%, according to BlockShopper.com.

From July through September of 2017, there were 24 homes sold, with a median sale price of $99,700 - a 15.6% decrease over the $118,125 median sale price for the same period of the previous year. There were 46 homes sold in Peru in the third quarter of 2016.

The median sales tax in Peru for 2017 was $2,142.76. In 2016, the median sales tax was $2,054.60. This marks an increase of 4.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.

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

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Somonauk40-$168,700$0-
Leland412-66.7%$163,750$141,45015.8%
Sheridan11837.5%$153,000$168,750-9.3%
Dayton41300%$117,750$260,000-54.7%
Ottawa88880%$103,000$119,725-14%
Peru2446-47.8%$99,700$118,125-15.6%
Oglesby1920-5%$95,000$56,25068.9%
Mendota1629-44.8%$93,000$94,000-1.1%
Ransom23-33.3%$83,000$185,000-55.1%
Marseilles328-89.3%$80,000$105,000-23.8%
LaSalle32320%$76,500$71,173.757.5%

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