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Friday, November 22, 2024

Erie home prices fall in January 2017

Re 12

The median sale price of a home sold in January 2017 in Erie fell by $46,750 while total sales remained unchanged with three homes sold, according to BlockShopper.com.

In January 2017, there were three homes sold, with a median sale price of $31,250 - a 59.9% decrease over the $78,000 median sale price for the same period of the previous year. There were three homes sold in Erie in January 2016, as well.

The median sales tax in Erie for 2017 was $2,050. In 2016, the median sales tax was $1,941. This marks an increase of 5.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 6.6%.

The following table compares Erie to other Whiteside County cities in January 2017:

CityJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Fulton310-70%$100,000$85,00017.6%
Rock Falls1011-9.1%$72,750$41,00077.4%
Morrison57-28.6%$60,000$57,0005.3%
Sterling208150%$46,950$76,150-38.3%
Prophetstown23-33.3%$37,500$84,000-55.4%
Erie330%$31,250$78,000-59.9%
Tampico10-$17,000$0-
Douglas Park00-$0$0-
Fenton00-$0$0-
Albany01-100%$0$115,000-100%
Como00-$0$0-
Yeoward Addition01-100%$0$6,000-100%
Lyndon02-100%$0$51,250-100%
Little Oklahoma00-$0$0-
Grimes Addition02-100%$0$22,000-100%

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