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Saturday, November 16, 2024

Marseilles home prices rise in November 2017

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The median sale price of a home sold in November 2017 in Marseilles rose by $26,000 while total sales increased by 120%, according to BlockShopper.com.

In November 2017, there were 11 homes sold, with a median sale price of $105,000 - a 32.9% increase over the $79,000 median sale price for the same period of the previous year. There were five homes sold in Marseilles in November 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 2.9%.

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

CityNov. 2017 Home SalesNov. 2016 Home Sales% change (Total Home Sales)Nov. 2017 Median Sales PriceNov. 2016 Median Sales Price% change (Median Sales Price)
Lake Holiday73133.3%$184,000$185,500-0.8%
Seneca27-71.4%$170,000$114,25048.8%
Serena20-$145,000$0-
Earlville330%$130,000$135,000-3.7%
Marseilles115120%$105,000$79,00032.9%
Ottawa382552%$95,750$122,000-21.5%
Oglesby510-50%$95,000$93,2501.9%
LaSalle12771.4%$91,250$75,00021.7%
Sheridan36-50%$84,000$158,500-47%
Leland41300%$83,750$230,000-63.6%
Mendota15966.7%$82,500$97,000-14.9%

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