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Sunday, November 24, 2024

Grand Detour home prices fall in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Grand Detour fell by $73,000 while total sales increased by 100%, according to BlockShopper.com.

From April through June of 2019, there were four homes sold, with a median sale price of $118,000 - a 38.2% decrease over the $191,000 median sale price for the same period of the previous year. There were two homes sold in Grand Detour in the second quarter of 2018.

The median sales tax in Grand Detour for 2019 was $2,189. In 2018, the median sales tax was $2,143. This marks an increase of 2.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.

The following table compares Grand Detour to other Ogle County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Lost Nation15-80%$162,000$170,000-4.7%
Davis Junction10825%$160,000$161,250-0.8%
Hillcrest82300%$144,000$70,500104.3%
Stillman Valley56-16.7%$137,000$156,500-12.5%
Rochelle3251-37.3%$132,500$105,00026.2%
Grand Detour42100%$118,000$191,000-38.2%
Oregon18180%$113,750$76,00049.7%
Monroe Center21100%$109,000$98,00011.2%
Mount Morris11110%$100,500$85,00018.2%
Polo915-40%$100,000$70,00042.9%
Forreston69-33.3%$91,000$70,00030%

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