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Sunday, May 19, 2024

Ottawa home prices rise in February 2017

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The median sale price of a home sold in February 2017 in Ottawa rose by $13,000 while total sales increased by 13.3%, according to BlockShopper.com.

In February 2017, there were 17 homes sold, with a median sale price of $122,500 - a 11.9% increase over the $109,500 median sale price for the same period of the previous year. There were 15 homes sold in Ottawa in February 2016.

The median sales tax in Ottawa for 2017 was $3,169. In 2016, the median sales tax was $3,043. This marks an increase of 4.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.

The following table compares Ottawa 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)
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%
Peru770%$95,000$55,00072.7%
Oglesby440%$78,500$67,00017.2%

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