Quantcast

Illinois Valley Times

Monday, December 23, 2024

Ottawa home prices rise in May 2017

Re 6

The median sale price of a home sold in May 2017 in Ottawa rose by $40,000 while total sales decreased by 39.3%, according to BlockShopper.com.

In May 2017, there were 17 homes sold, with a median sale price of $160,000 - a 33.3% increase over the $120,000 median sale price for the same period of the previous year. There were 28 homes sold in Ottawa in May 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%.

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

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Sheridan61500%$253,750$250,0001.5%
Lake Holiday91800%$185,000$126,00046.8%
Ottawa1728-39.3%$160,000$120,00033.3%
Earlville57-28.6%$120,000$121,000-0.8%
Leland42100%$118,400$140,750-15.9%
Millington110%$107,000$268,500-60.1%
Serena110%$105,000$225,250-53.4%
Mendota11757.1%$100,000$115,000-13%
Seneca41300%$99,750$134,000-25.6%
Peru16156.7%$96,500$90,5006.6%
Marseilles13862.5%$85,500$156,500-45.4%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS