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Monday, November 25, 2024

Mount Morris home prices fall in February 2018

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The median sale price of a home sold in February 2018 in Mount Morris fell by $7,500 while total sales decreased by 40%, according to BlockShopper.com.

In February 2018, there were three homes sold, with a median sale price of $47,000 - a 13.8% decrease over the $54,500 median sale price for the same period of the previous year. There were five homes sold in Mount Morris in February 2017.

The median sales tax in Mount Morris for the most recent year with available data, 2017, was $1,723, approximately 3.7% of the median home sale price for February 2018.

The following table compares Mount Morris to other Ogle County cities in February 2018:

CityFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
Byron46-33.3%$182,500$125,30045.7%
Grand Detour10-$170,000$0-
Creston40-$122,000$0-
Hillcrest110%$120,000$100,00020%
Lost Nation31200%$109,000$155,000-29.7%
Stillman Valley110%$108,000$187,000-42.2%
Oregon440%$87,250$65,50033.2%
Rochelle105100%$84,000$121,000-30.6%
Forreston42100%$51,500$42,95019.9%
Mount Morris35-40%$47,000$54,500-13.8%
Polo23-33.3%$27,500$69,000-60.1%
Davis Junction04-100%$0$146,250-100%
Monroe Center00-$0$0-
Leaf River00-$0$0-

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