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Saturday, November 23, 2024

Sterling home prices fall in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Sterling fell by $1,500 while total sales decreased by 11.6%, according to BlockShopper.com.

From July through September of 2018, there were 84 homes sold, with a median sale price of $85,500 - a 1.7% decrease over the $87,000 median sale price for the same period of the previous year. There were 95 homes sold in Sterling in the third quarter of 2017.

The median sales tax in Sterling for the most recent year with available data, 2017, was $2,149.50, approximately 2.5% of the median home sale price for the third quarter of 2018.

The following table compares Sterling to other Whiteside County cities with similar median sales prices in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Fulton332532%$155,000$122,00127%
Erie198137.5%$115,000$89,00029.2%
Albany7475%$100,000$147,000-32%
Morrison3948-18.8%$90,000$102,500-12.2%
Sterling8495-11.6%$85,500$87,000-1.7%
Prophetstown1011-9.1%$74,000$56,00032.1%
Rock Falls745145.1%$72,500$68,0006.6%
Como62200%$63,900$76,500-16.5%
Douglas Park20-$58,000$0-
Lyndon72250%$36,000$56,500-36.3%
Tampico35-40%$30,000$26,725.1512.3%

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