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Illinois Valley Times

Monday, December 23, 2024

Sheridan home prices rise in April 2017

Realestate2

The median sale price of a home sold in April 2017 in Sheridan rose by $95,000 while total sales increased by 33.3%, according to BlockShopper.com.

In April 2017, there were four homes sold, with a median sale price of $200,000 - a 90.5% increase over the $105,000 median sale price for the same period of the previous year. There were three homes sold in Sheridan in April 2016.

The median sales tax in Sheridan for 2017 was $3,375. In 2016, the median sales tax was $3,315. This marks an increase of 1.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.7%.

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

CityApr. 2017 Home SalesApr. 2016 Home Sales% change (Total Home Sales)Apr. 2017 Median Sales PriceApr. 2016 Median Sales Price% change (Median Sales Price)
Grand Ridge10-$897,000$0-
Serena10-$249,000$0-
Sheridan4333.3%$200,000$105,00090.5%
Lake Holiday11837.5%$157,500$237,500-33.7%
Millington110%$150,000$379,000-60.4%
Seneca30-$140,000$0-
Marseilles78-12.5%$130,500$130,750-0.2%
Ottawa2124-12.5%$125,000$105,00019%
Leland12-50%$116,550$170,950-31.8%
Tonica13-66.7%$112,000$100,00012%
Peru810-20%$110,000$67,25063.6%

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