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Illinois Valley Times

Friday, November 22, 2024

Peru home prices fall in 2017

Realestate4

The median sale price of a home sold in 2017 in Peru fell by $13,000 while total sales decreased by 17.2%, according to BlockShopper.com.

From January through December of 2017, there were 125 homes sold, with a median sale price of $96,000 - a 11.9% decrease over the $109,000 median sale price for the previous year. There were 151 homes sold in Peru in 2016.

The median sales tax in Peru for 2017 was $2,143. In 2016, the median sales tax was $2,055. 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 2.2%.

The following table compares Peru 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)
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%
LaSalle111127-12.6%$79,500$59,00034.7%
Cedar Point42100%$74,000$69,0007.2%
Lostant511-54.5%$69,000$81,400-15.2%
Streator169186-9.1%$60,000$49,00022.4%

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