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Illinois Valley Times

Sunday, December 29, 2024

Tonica home prices fall in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Tonica fell by $130,500 while total sales increased by 166.7%, according to BlockShopper.com.

From July through September of 2018, there were eight homes sold, with a median sale price of $92,000 - a 58.7% decrease over the $222,500 median sale price for the same period of the previous year. There were three homes sold in Tonica in the third quarter of 2017.

The median sales tax in Tonica for the most recent year with available data, 2017, was $2,664.10, approximately 2.9% of the median home sale price for the third quarter of 2018.

The following table compares Tonica to other LaSalle County cities with similar median sales prices in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Ottawa94886.8%$126,475$103,00022.8%
Leland94125%$120,000$163,750-26.7%
Mendota271668.8%$118,500$93,00027.4%
Peru4824100%$107,500$99,7007.8%
Marseilles3431033.3%$100,269$80,00025.3%
Tonica83166.7%$92,000$222,500-58.7%
Oglesby1819-5.3%$87,500$95,000-7.9%
Earlville80-$84,850$0-
Ransom42100%$64,200$83,000-22.7%
LaSalle373215.6%$60,000$76,500-21.6%
Streator8128189.3%$59,000$67,500-12.6%

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