Quantcast

Illinois Valley Times

Saturday, November 23, 2024

Peru home prices fall in the fourth quarter of 2017

Realestate077

The median sale price of a home sold in the fourth quarter of 2017 in Peru fell by $16,250 while total sales increased by 9.1%, according to BlockShopper.com.

From October through December of 2017, there were 36 homes sold, with a median sale price of $90,250 - a 15.3% decrease over the $106,500 median sale price for the same period of the previous year. There were 33 homes sold in Peru in the fourth 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 2.4%.

The following table compares Peru 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)
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%
Dayton13-66.7%$66,500$235,000-71.7%

MORE NEWS