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Illinois Valley Times

Thursday, May 30, 2024

Mendota home prices fall in January 2017

Realestate4

The median sale price of a home sold in January 2017 in Mendota fell by $18,500 while total sales decreased by 20%, according to BlockShopper.com.

In January 2017, there were four homes sold, with a median sale price of $51,500 - a 26.4% decrease over the $70,000 median sale price for the same period of the previous year. There were five homes sold in Mendota in January 2016.

The median sales tax in Mendota for 2017 was $2,387. In 2016, the median sales tax was $2,289. 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 4.6%.

The following table compares Mendota 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)
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-
Lostant110%$1,500$93,000-98.4%

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