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Illinois Valley Times

Monday, December 23, 2024

Earlville home prices fall in May 2017

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The median sale price of a home sold in May 2017 in Earlville fell by $1,000 while total sales decreased by 28.6%, according to BlockShopper.com.

In May 2017, there were five homes sold, with a median sale price of $120,000 - a 0.8% decrease over the $121,000 median sale price for the same period of the previous year. There were seven homes sold in Earlville in May 2016.

The median sales tax in Earlville for 2017 was $2,746. In 2016, the median sales tax was $2,563. This marks an increase of 7.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.

The following table compares Earlville 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%

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