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Illinois Valley Times

Thursday, April 25, 2024

Marseilles 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 Marseilles fell by $52,500 while total sales decreased by 40%, according to BlockShopper.com.

From January through March of 2019, there were nine homes sold, with a median sale price of $70,000 - a 42.9% decrease over the $122,500 median sale price for the same period of the previous year. There were 15 homes sold in Marseilles in the first quarter of 2018.

The median sales tax in Marseilles for the most recent year with available data, 2017, was $3,022, approximately 4.3% of the median home sale price for the first quarter of 2019.

The following table compares Marseilles 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)
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%
Streator1735-51.4%$69,000$36,00091.7%
LaSalle921-57.1%$60,000$72,500-17.2%
Lostant110%$20,000$66,000-69.7%

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