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Illinois Valley Times

Friday, June 27, 2025

Leland home prices fall in May 2017

Re 7

The median sale price of a home sold in May 2017 in Leland fell by $22,350 while total sales increased by 100%, according to BlockShopper.com.

In May 2017, there were four homes sold, with a median sale price of $118,400 - a 15.9% decrease over the $140,750 median sale price for the same period of the previous year. There were two homes sold in Leland in May 2016.

The median sales tax in Leland for 2017 was $3,862. In 2016, the median sales tax was $3,724. This marks an increase of 3.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.3%.

The following table compares Leland 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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