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Illinois Valley Times

Saturday, November 23, 2024

Marseilles home prices fall in March 2017

Realestate4

The median sale price of a home sold in March 2017 in Marseilles fell by $22,500 while total sales remained unchanged with six homes sold, according to BlockShopper.com.

In March 2017, there were six homes sold, with a median sale price of $75,000 - a 23.1% decrease over the $97,500 median sale price for the same period of the previous year. There were six homes sold in Marseilles in March 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 4%.

The following table compares Marseilles 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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