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Saturday, November 23, 2024

Mendota home prices fall in March 2017

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The median sale price of a home sold in March 2017 in Mendota fell by $6,000 while total sales increased by 140%, according to BlockShopper.com.

In March 2017, there were 12 homes sold, with a median sale price of $79,000 - a 7.1% decrease over the $85,000 median sale price for the same period of the previous year. There were five homes sold in Mendota in March 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 3%.

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

CityMar. 2017 Home SalesMar. 2016 Home Sales% change (Total Home Sales)Mar. 2017 Median Sales PriceMar. 2016 Median Sales Price% change (Median Sales Price)
Seneca24-50%$162,500$237,000-31.4%
Sheridan31200%$134,000$125,0007.2%
Oglesby52150%$125,000$129,000-3.1%
Ottawa251656.3%$120,000$119,0000.8%
Earlville12-50%$119,900$105,50013.6%
LaSalle311-72.7%$112,000$58,00093.1%
Mendota125140%$79,000$85,000-7.1%
Marseilles660%$75,000$97,500-23.1%
Peru812-33.3%$71,500$60,20018.8%
Streator1016-37.5%$31,000$53,000-41.5%
Rutland110%$3,000$28,000-89.3%

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