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Monday, November 25, 2024

Leaf River home prices rise in the third quarter of 2019

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The median sale price of a home sold in the third quarter of 2019 in Leaf River rose by $24,000 while total sales increased by 150%, according to BlockShopper.com.

From July through September of 2019, there were five homes sold, with a median sale price of $47,000 - a 104.3% increase over the $23,000 median sale price for the same period of the previous year. There were two homes sold in Leaf River in the third quarter of 2018.

The median sales tax in Leaf River for 2019 was $1,899. In 2018, the median sales tax was $1,598. This marks an increase of 18.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4%.

The following table compares Leaf River to other Ogle County cities with similar median sales prices in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
Davis Junction111010%$166,500$149,00011.7%
Grand Detour34-25%$146,000$104,75039.4%
Byron2223-4.3%$144,000$149,000-3.4%
Hillcrest770%$143,000$164,500-13.1%
Rochelle4346-6.5%$99,000$97,5001.5%
Creston34-25%$92,000$128,250-28.3%
Oregon22214.8%$89,750$80,50011.5%
Mount Morris189100%$86,750$85,5001.5%
Polo171241.7%$65,000$68,500-5.1%
Forreston67-14.3%$63,250$122,000-48.2%
Leaf River52150%$47,000$23,000104.3%

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