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Monday, November 25, 2024

Erie home prices rise in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Erie rose by $25,550 while total sales decreased by 31.3%, according to BlockShopper.com.

From January through June of 2019, there were 11 homes sold, with a median sale price of $128,000 - a 24.9% increase over the $102,450 median sale price for the same period of the previous year. There were 16 homes sold in Erie in the first half of 2018.

The median sales tax in Erie for the most recent year with available data, 2018, was $2,089, approximately 1.6% of the median home sale price for the first half of 2019.

The following table compares Erie to other Whiteside County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Erie1116-31.3%$128,000$102,45024.9%
Albany411-63.6%$106,250$103,3252.8%
Fulton483923.1%$105,500$90,00017.2%
Prophetstown2529-13.8%$92,000$70,80029.9%
Morrison473727%$90,900$82,45010.2%
Sterling115140-17.9%$80,000$75,2506.3%
Rock Falls9599-4%$69,700$56,50023.4%
Douglas Park12-50%$65,000$59,00010.2%
Grimes Addition30-$63,900$0-
Lyndon47-42.9%$63,000$27,000133.3%
Tampico880%$45,500$57,500-20.9%

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