From October through December of 2018, there were 12 homes sold, with a median sale price of $61,000 - a 9.6% decrease over the $67,500 median sale price for the same period of the previous year. There were 17 homes sold in Mount Morris in the fourth quarter of 2017.
The median sales tax in Mount Morris for 2018 was $1,687. In 2017, the median sales tax was $1,713. This marks an decrease of 1.5%. 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 Mount Morris to other Ogle County cities with similar median sales prices in the fourth quarter of 2018:
| City | Oct. - Dec. 2018 Home Sales | Oct. - Dec. 2017 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2018 Median Sales Price | Oct. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Stillman Valley | 8 | 4 | 100% | $132,500 | $87,050 | 52.2% |
| Byron | 18 | 12 | 50% | $132,500 | $125,750 | 5.4% |
| Hillcrest | 4 | 4 | 0% | $125,750 | $96,400 | 30.4% |
| Grand Detour | 3 | 2 | 50% | $120,000 | $107,900 | 11.2% |
| Rochelle | 30 | 25 | 20% | $104,500 | $113,000 | -7.5% |
| Monroe Center | 5 | 1 | 400% | $102,000 | $50,000 | 104% |
| Polo | 6 | 12 | -50% | $101,500 | $58,500 | 73.5% |
| Lost Nation | 6 | 3 | 100% | $97,500 | $10,000 | 875% |
| Forreston | 5 | 1 | 400% | $65,000 | $80,900 | -19.7% |
| Mount Morris | 12 | 17 | -29.4% | $61,000 | $67,500 | -9.6% |
| Oregon | 13 | 22 | -40.9% | $59,000 | $67,750 | -12.9% |
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