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Illinois Valley Times

Thursday, April 18, 2024

Sheridan home prices fall in the first quarter of 2019

Realestate1

The median sale price of a home sold in the first quarter of 2019 in Sheridan fell by $79,500 while total sales decreased by 50%, according to BlockShopper.com.

From January through March of 2019, there were two homes sold, with a median sale price of $110,000 - a 42% decrease over the $189,500 median sale price for the same period of the previous year. There were four homes sold in Sheridan in the first quarter of 2018.

The median sales tax in Sheridan for the most recent year with available data, 2017, was $3,375, approximately 3.1% of the median home sale price for the first quarter of 2019.

The following table compares Sheridan to other LaSalle County cities with similar median sales prices in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Grand Ridge17-85.7%$200,000$123,50061.9%
Lake Holiday618-66.7%$192,500$203,950-5.6%
Earlville110-90%$135,000$73,25084.3%
Oglesby516-68.8%$130,000$118,5009.7%
Ottawa3255-41.8%$125,500$100,00025.5%
Sheridan24-50%$110,000$189,500-42%
North Utica23-33.3%$90,500$122,900-26.4%
Peru1122-50%$90,000$90,0000%
Millington20-$83,000$0-
Marseilles915-40%$70,000$122,500-42.9%
Mendota512-58.3%$69,900$78,625-11.1%

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