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Saturday, September 28, 2024

Albany home prices fall 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 Albany fell by $35,000 while total sales decreased by 40%, according to BlockShopper.com.

From January through March of 2018, there were three homes sold, with a median sale price of $55,000 - a 38.9% decrease over the $90,000 median sale price for the same period of the previous year. There were five homes sold in Albany in the first quarter of 2017.

The median sales tax in Albany for the most recent year with available data, 2017, was $2,302.50, approximately 4.2% of the median home sale price for the first quarter of 2018.

The following table compares Albany to other Whiteside County cities 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)
Como21100%$134,750$177,000-23.9%
Fenton10-$122,500$0-
Morrison1623-30.4%$91,225$100,000-8.8%
Fulton1720-15%$90,000$118,500-24.1%
Erie38-62.5%$72,000$59,00022%
Sterling5766-13.6%$72,000$65,9009.3%
Prophetstown770%$64,900$59,00010%
Albany35-40%$55,000$90,000-38.9%
Rock Falls443815.8%$46,693.50$62,100-24.8%
Yeoward Addition10-$42,541.28$0-
Tampico4333.3%$41,500$17,000144.1%
Lyndon00-$0$0-
Little Oklahoma01-100%$0$105,000-100%
Grimes Addition02-100%$0$69,750-100%
Douglas Park00-$0$0-

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