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Illinois Valley Times

Monday, December 23, 2024

Marseilles home prices fall in May 2017

Realestate1

The median sale price of a home sold in May 2017 in Marseilles fell by $71,000 while total sales increased by 62.5%, according to BlockShopper.com.

In May 2017, there were 13 homes sold, with a median sale price of $85,500 - a 45.4% decrease over the $156,500 median sale price for the same period of the previous year. There were eight homes sold in Marseilles in May 2016.

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 3.5%.

The following table compares Marseilles 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)
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%
LaSalle141216.7%$85,500$83,0802.9%
Ransom10-$85,000$0-
North Utica10-$79,900$0-
Cedar Point20-$74,000$0-
Streator198137.5%$72,000$54,95031%

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