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Tuesday, November 26, 2024

Sterling home prices fall in August 2019

Re 10

The median sale price of a home sold in August 2019 in Sterling fell by $1,000 while total sales increased by 64%, according to BlockShopper.com.

In August 2019, there were 41 homes sold, with a median sale price of $91,500 - a 1.1% decrease over the $92,500 median sale price for the same period of the previous year. There were 25 homes sold in Sterling in August 2018.

The median sales tax in Sterling for the most recent year with available data, 2018, was $2,159, approximately 2.4% of the median home sale price for August 2019.

The following table compares Sterling to other Whiteside County cities with similar median sales prices in August 2019:

CityAug. 2019 Home SalesAug. 2018 Home Sales% change (Total Home Sales)Aug. 2019 Median Sales PriceAug. 2018 Median Sales Price% change (Median Sales Price)
Prophetstown13-66.7%$135,000$62,500116%
Fulton611-45.5%$122,500$124,000-1.2%
Albany5425%$105,000$115,000-8.7%
Sterling412564%$91,500$92,500-1.1%
Erie42100%$89,000$165,500-46.2%
Morrison919-52.6%$87,000$90,000-3.3%
Fenton10-$84,500$0-
Rock Falls26260%$68,200$79,450-14.2%
Douglas Park10-$64,000$0-
Yeoward Addition110%$54,900$31,55074%
Tampico30-$48,000$0-

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