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Saturday, September 28, 2024

Mount Morris home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Mount Morris rose by $32,250 while total sales increased by 10%, according to BlockShopper.com.

From January through March of 2018, there were 11 homes sold, with a median sale price of $80,500 - a 66.8% increase over the $48,250 median sale price for the same period of the previous year. There were 10 homes sold in Mount Morris in the first quarter of 2017.

The median sales tax in Mount Morris for the most recent year with available data, 2017, was $1,722.90, approximately 2.1% of the median home sale price for the first quarter of 2018.

The following table compares Mount Morris to other Ogle County cities with similar median sales prices in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Creston41300%$122,000$112,6008.3%
Hillcrest56-16.7%$113,000$87,50029.1%
Lost Nation330%$109,000$155,000-29.7%
Stillman Valley35-40%$103,000$93,00010.8%
Rochelle26248.3%$100,000$116,500-14.2%
Grand Detour3250%$98,000$114,750-14.6%
Oregon1315-13.3%$97,000$67,00044.8%
Mount Morris111010%$80,500$48,25066.8%
Polo1011-9.1%$69,500$107,500-35.3%
Forreston770%$65,000$59,00010.2%
Leaf River110%$11,000$61,000-82%

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