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Friday, November 22, 2024

Mount Morris home prices fall in January 2017

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The median sale price of a home sold in January 2017 in Mount Morris fell by $65,000 while total sales decreased by 40%, according to BlockShopper.com.

In January 2017, there were three homes sold, with a median sale price of $42,000 - a 60.7% decrease over the $107,000 median sale price for the same period of the previous year. There were five homes sold in Mount Morris in January 2016.

The median sales tax in Mount Morris for 2017 was $1,713. In 2016, the median sales tax was $1,721. This marks an decrease of 0.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.1%.

The following table compares Mount Morris to other Ogle County cities in January 2017:

CityJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Polo21100%$191,250$14,5001219%
Davis Junction12-50%$175,000$97,00080.4%
Lost Nation10-$134,000$0-
Creston12-50%$112,600$94,50019.2%
Rochelle72250%$112,000$102,0009.8%
Monroe Center10-$109,000$0-
Stillman Valley20-$101,750$0-
Oregon60-$99,500$0-
Forreston3250%$73,500$52,25040.7%
Mount Morris35-40%$42,000$107,000-60.7%
Hillcrest12-50%$41,000$97,500-57.9%
Grand Detour01-100%$0$40,500-100%
Byron02-100%$0$161,500-100%
Leaf River00-$0$0-

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