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Saturday, November 16, 2024

Ottawa home prices fall in November 2017

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The median sale price of a home sold in November 2017 in Ottawa fell by $26,250 while total sales increased by 52%, according to BlockShopper.com.

In November 2017, there were 38 homes sold, with a median sale price of $95,750 - a 21.5% decrease over the $122,000 median sale price for the same period of the previous year. There were 25 homes sold in Ottawa in November 2016.

The median sales tax in Ottawa for 2017 was $3,169. In 2016, the median sales tax was $3,043. This marks an increase of 4.1%. 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 Ottawa 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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