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Illinois Valley Times

Saturday, November 23, 2024

Verona home prices fall in 2017

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The median sale price of a home sold in 2017 in Verona fell by $207,750 while total sales increased by 50%, according to BlockShopper.com.

From January through December of 2017, there were six homes sold, with a median sale price of $112,250 - a 64.9% decrease over the $320,000 median sale price for the previous year. There were four homes sold in Verona in 2016.

The median sales tax in Verona for 2017 was $3,334. In 2016, the median sales tax was $3,266. This marks an increase of 2.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3%.

The following table compares Verona 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)
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%
South Wilmington208150%$68,750$86,250-20.3%

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