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Illinois Valley Times

Wednesday, April 24, 2024

Morris home prices fall in the first quarter of 2019

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The median sale price of a home sold in the first quarter of 2019 in Morris fell by $14,250 while total sales decreased by 2.4%, according to BlockShopper.com.

From January through March of 2019, there were 40 homes sold, with a median sale price of $170,750 - a 7.7% decrease over the $185,000 median sale price for the same period of the previous year. There were 41 homes sold in Morris in the first quarter of 2018.

The median sales tax in Morris for the most recent year with available data, 2017, was $3,764, approximately 2.2% of the median home sale price for the first quarter of 2019.

The following table compares Morris to other Grundy 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)
Channahon610-40%$257,250$223,75015%
Diamond67-14.3%$251,250$180,00039.6%
Lisbon North12-50%$240,000$226,0006.2%
Minooka383315.2%$190,500$175,0008.9%
Coal City1219-36.8%$180,000$154,00016.9%
Morris4041-2.4%$170,750$185,000-7.7%
Mazon13-66.7%$156,000$123,71126.1%
Gardner25-60%$127,500$155,000-17.7%
Verona10-$115,000$0-
Braceville28-75%$97,250$127,000-23.4%
Carbon Hill12-50%$95,000$134,000-29.1%

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