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Friday, November 22, 2024

Marseilles home prices fall in the fourth quarter of 2017

Realestate4

The median sale price of a home sold in the fourth quarter of 2017 in Marseilles fell by $10,000 while total sales increased by 21.1%, according to BlockShopper.com.

From October through December of 2017, there were 23 homes sold, with a median sale price of $97,000 - a 9.3% decrease over the $107,000 median sale price for the same period of the previous year. There were 19 homes sold in Marseilles in the fourth quarter of 2016.

The median sales tax in Marseilles for 2017 was $3,022.34. In 2016, the median sales tax was $2,951.90. This marks an increase of 2.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.1%.

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

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Serena20-$145,000$0-
Earlville68-25%$141,500$140,0001.1%
Leland6520%$111,000$150,000-26%
Oglesby1420-30%$105,875$85,50023.8%
Ottawa93859.4%$97,500$135,000-27.8%
Marseilles231921.1%$97,000$107,000-9.3%
Peru36339.1%$90,250$106,500-15.3%
Seneca715-53.3%$90,000$120,000-25%
Cedar Point110%$86,000$80,0007.5%
LaSalle2937-21.6%$85,500$58,60045.9%
Mendota292611.5%$82,500$107,750-23.4%

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