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Illinois Valley Times

Saturday, November 16, 2024

Mendota home prices fall in November 2017

Re 11

The median sale price of a home sold in November 2017 in Mendota fell by $14,500 while total sales increased by 66.7%, according to BlockShopper.com.

In November 2017, there were 15 homes sold, with a median sale price of $82,500 - a 14.9% decrease over the $97,000 median sale price for the same period of the previous year. There were nine homes sold in Mendota in November 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 2.9%.

The following table compares Mendota 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)
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%
Ransom21100%$76,750$40,00091.9%
Dayton10-$66,500$0-
Streator201625%$47,000$46,9500.1%
Peru12120%$32,500$105,000-69%

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