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Illinois Valley Times

Saturday, November 23, 2024

Leland home prices fall in 2017

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The median sale price of a home sold in 2017 in Leland fell by $21,450 while total sales decreased by 20.8%, according to BlockShopper.com.

From January through December of 2017, there were 19 homes sold, with a median sale price of $120,000 - a 15.2% decrease over the $141,450 median sale price for the previous year. There were 24 homes sold in Leland in 2016.

The median sales tax in Leland for 2017 was $3,862. In 2016, the median sales tax was $3,724. This marks an increase of 3.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.2%.

The following table compares Leland to other LaSalle 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)
Millington660%$159,500$236,000-32.4%
Grand Ridge410-60%$151,500$70,250115.7%
Tonica1020-50%$150,000$130,50014.9%
Seneca3745-17.8%$140,000$147,500-5.1%
Earlville2034-41.2%$126,500$122,0003.7%
Leland1924-20.8%$120,000$141,450-15.2%
Ottawa3273086.2%$107,500$119,725-10.2%
Mendota95932.2%$100,000$94,0006.4%
Marseilles7191-22%$97,000$119,000-18.5%
Peru125151-17.2%$96,000$109,000-11.9%
Oglesby68646.3%$89,750$78,25014.7%

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