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Saturday, November 23, 2024

Oregon home prices fall in the second quarter of 2017

Realestate077

The median sale price of a home sold in the second quarter of 2017 in Oregon fell by $5,050 while total sales increased by 21.4%, according to BlockShopper.com.

From April through June of 2017, there were 17 homes sold, with a median sale price of $95,950 - a 5% decrease over the $101,000 median sale price for the same period of the previous year. There were 14 homes sold in Oregon in the second quarter of 2016.

The median sales tax in Oregon for 2017 was $2,210. In 2016, the median sales tax was $2,070. This marks an increase of 6.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.

The following table compares Oregon to other Ogle County cities with similar median sales prices in the second quarter of 2017:

CityApr. - June 2017 Home SalesApr. - June 2016 Home Sales% change (Total Home Sales)Apr. - June 2017 Median Sales PriceApr. - June 2016 Median Sales Price% change (Median Sales Price)
Stillman Valley93200%$166,000$128,00029.7%
Hillcrest73133.3%$142,000$90,00057.8%
Monroe Center41300%$139,500$148,000-5.7%
Byron241384.6%$123,775$135,000-8.3%
Rochelle4922122.7%$112,500$82,00037.2%
Oregon171421.4%$95,950$101,000-5%
Forreston8560%$95,340$78,00022.2%
Creston42100%$81,000$125,000-35.2%
Mount Morris1517-11.8%$74,000$60,00023.3%
Grand Detour3250%$72,000$127,500-43.5%
Polo156150%$63,000$31,500100%

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