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Monday, November 25, 2024

Mount Morris home prices fall in September 2019

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The median sale price of a home sold in September 2019 in Mount Morris fell by $4,500 while total sales increased by 100%, according to BlockShopper.com.

In September 2019, there were six homes sold, with a median sale price of $74,000 - a 5.7% decrease over the $78,500 median sale price for the same period of the previous year. There were three homes sold in Mount Morris in September 2018.

The median sales tax in Mount Morris for 2019 was $1,868. In 2018, the median sales tax was $1,687. This marks an increase of 10.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.

The following table compares Mount Morris to other Ogle County cities with similar median sales prices in September 2019:

CitySept. 2019 Home SalesSept. 2018 Home Sales% change (Total Home Sales)Sept. 2019 Median Sales PriceSept. 2018 Median Sales Price% change (Median Sales Price)
Monroe Center20-$179,500$0-
Byron660%$136,750$129,5005.6%
Forreston20-$128,500$0-
Hillcrest4333.3%$121,000$168,000-28%
Rochelle816-50%$103,500$78,00032.7%
Oregon10666.7%$94,000$123,750-24%
Creston12-50%$92,000$128,250-28.3%
Leaf River20-$86,750$0-
Grand Detour20-$80,500$0-
Mount Morris63100%$74,000$78,500-5.7%
Polo7616.7%$65,000$67,000-3%

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