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Illinois Valley Times

Monday, November 25, 2024

Mendota home prices fall in February 2018

Re 9

The median sale price of a home sold in February 2018 in Mendota fell by $49,500 while total sales decreased by 42.9%, according to BlockShopper.com.

In February 2018, there were four homes sold, with a median sale price of $70,500 - a 41.3% decrease over the $120,000 median sale price for the same period of the previous year. There were seven homes sold in Mendota in February 2017.

The median sales tax in Mendota for the most recent year with available data, 2017, was $2,387, approximately 3.4% of the median home sale price for February 2018.

The following table compares Mendota to other LaSalle County cities with similar median sales prices in February 2018:

CityFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
Leland20-$207,500$0-
Tonica12-50%$204,025$125,00063.2%
Marseilles440%$119,500$162,500-26.5%
Ottawa201717.6%$113,800$122,500-7.1%
North Utica220%$104,700$111,500-6.1%
Peru57-28.6%$100,000$95,0005.3%
Earlville34-25%$81,000$117,500-31.1%
LaSalle7616.7%$74,000$77,500-4.5%
Mendota47-42.9%$70,500$120,000-41.3%
Oglesby440%$69,750$78,500-11.1%
Streator68-25%$29,750$66,000-54.9%

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