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Illinois Valley Times

Tuesday, November 26, 2024

Morris home prices rise in 2017

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The median sale price of a home sold in 2017 in Morris rose by $10,500 while total sales increased by 14.2%, according to BlockShopper.com.

From January through December of 2017, there were 273 homes sold, with a median sale price of $175,400 - a 6.4% increase over the $164,900 median sale price for the previous year. There were 239 homes sold in Morris in 2016.

The median sales tax in Morris for 2017 was $3,764. In 2016, the median sales tax was $3,724. This marks an increase of 1.1%. 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 Morris to other Grundy County cities with similar median sales prices in 2017:

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Lisbon North83166.7%$247,950$181,90036.3%
Channahon6672-8.3%$246,000$228,1257.8%
Diamond2427-11.1%$220,000$225,000-2.2%
Minooka21618417.4%$195,500$181,0008%
Morris27323914.2%$175,400$164,9006.4%
Carbon Hill12850%$159,000$125,00027.2%
Coal City114118-3.4%$152,500$149,0002.3%
Mazon369300%$135,500$155,000-12.6%
Gardner31303.3%$129,000$110,00017.3%
Verona6450%$112,250$320,000-64.9%
Braceville211361.5%$99,501$95,0004.7%

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