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Illinois Valley Times

Tuesday, December 24, 2024

Marseilles home prices rise in January 2017

Realestate2

The median sale price of a home sold in January 2017 in Marseilles rose by $24,500 while total sales decreased by 40%, according to BlockShopper.com.

In January 2017, there were three homes sold, with a median sale price of $89,500 - a 37.7% increase over the $65,000 median sale price for the same period of the previous year. There were five homes sold in Marseilles in January 2016.

The median sales tax in Marseilles for 2017 was $3,022. In 2016, the median sales tax was $2,952. This marks an increase of 2.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.4%.

The following table compares Marseilles to other LaSalle County cities with similar median sales prices in January 2017:

CityJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Grand Ridge12-50%$145,000$344,250-57.9%
Sheridan23-33.3%$131,250$220,000-40.3%
Streator1014-28.6%$106,500$33,000222.7%
Ottawa221546.7%$95,250$55,00073.2%
Peru9650%$92,000$82,75011.2%
Marseilles35-40%$89,500$65,00037.7%
Oglesby5366.7%$78,500$33,780132.4%
LaSalle63100%$51,750$64,000-19.1%
Mendota45-20%$51,500$70,000-26.4%
Seneca14-75%$40,000$139,000-71.2%
Sandwich10-$25,000$0-

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