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Illinois Valley Times

Tuesday, November 19, 2024

Mendota home prices rise in August 2017

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The median sale price of a home sold in August 2017 in Mendota rose by $85,000 while total sales decreased by 27.3%, according to BlockShopper.com.

In August 2017, there were eight homes sold, with a median sale price of $155,000 - a 121.4% increase over the $70,000 median sale price for the same period of the previous year. There were 11 homes sold in Mendota in August 2016.

The median sales tax in Mendota for 2017 was $2,387. In 2016, the median sales tax was $2,289. This marks an increase of 4.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.5%.

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

CityAug. 2017 Home SalesAug. 2016 Home Sales% change (Total Home Sales)Aug. 2017 Median Sales PriceAug. 2016 Median Sales Price% change (Median Sales Price)
Leland26-66.7%$263,750$104,000153.6%
Lake Holiday1418-22.2%$193,000$169,37513.9%
Lostant10-$180,000$0-
Somonauk40-$168,700$0-
Dayton30-$160,500$0-
Mendota811-27.3%$155,000$70,000121.4%
Ottawa31310%$133,750$125,5006.6%
Seneca51400%$130,000$125,0004%
Oglesby7616.7%$115,000$30,000283.3%
North Utica13-66.7%$79,500$110,000-27.7%
Peru913-30.8%$78,500$113,500-30.8%

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