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Wednesday, November 27, 2024

Rochelle home prices fall in July 2019

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The median sale price of a home sold in July 2019 in Rochelle fell by $34,500 while total sales increased by 100%, according to BlockShopper.com.

In July 2019, there were 20 homes sold, with a median sale price of $96,500 - a 26.3% decrease over the $131,000 median sale price for the same period of the previous year. There were 10 homes sold in Rochelle in July 2018.

The median sales tax in Rochelle for 2019 was $2,739. In 2018, the median sales tax was $2,663. This marks an increase of 2.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Rochelle to other Ogle County cities with similar median sales prices in July 2019:

CityJuly 2019 Home SalesJuly 2018 Home Sales% change (Total Home Sales)July 2019 Median Sales PriceJuly 2018 Median Sales Price% change (Median Sales Price)
Grand Detour110%$197,000$182,0008.2%
Monroe Center10-$195,000$0-
Hillcrest23-33.3%$172,500$118,50045.6%
Byron36-50%$158,000$157,0000.6%
Davis Junction4333.3%$157,750$132,00019.5%
Rochelle2010100%$96,500$131,000-26.3%
Mount Morris73133.3%$88,500$106,000-16.5%
Polo62200%$74,000$86,000-14%
Oregon39-66.7%$71,500$100,000-28.5%
Forreston110%$69,500$67,5003%
Stillman Valley13-66.7%$42,500$117,000-63.7%

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