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Illinois Valley Times

Thursday, December 26, 2024

Marseilles home prices rise in February 2017

Realestate5

The median sale price of a home sold in February 2017 in Marseilles rose by $75,125 while total sales remained unchanged with four homes sold, according to BlockShopper.com.

In February 2017, there were four homes sold, with a median sale price of $162,500 - a 86% increase over the $87,375 median sale price for the same period of the previous year. There were four homes sold in Marseilles in February 2016, as well.

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 1.9%.

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

CityFeb. 2017 Home SalesFeb. 2016 Home Sales% change (Total Home Sales)Feb. 2017 Median Sales PriceFeb. 2016 Median Sales Price% change (Median Sales Price)
Millington10-$340,000$0-
Dayton10-$238,000$0-
Somonauk10-$185,000$0-
Marseilles440%$162,500$87,37586%
Serena110%$148,000$127,50016.1%
Lake Holiday3250%$140,000$117,50019.1%
Tonica20-$125,000$0-
Ottawa171513.3%$122,500$109,50011.9%
Mendota770%$120,000$57,000110.5%
Earlville4333.3%$117,500$112,0004.9%
North Utica23-33.3%$111,500$208,000-46.4%

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