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Saturday, November 23, 2024

Grand Detour home prices rise in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in Grand Detour rose by $25,750 while total sales decreased by 33.3%, according to BlockShopper.com.

From January through March of 2017, there were two homes sold, with a median sale price of $114,750 - a 28.9% increase over the $89,000 median sale price for the same period of the previous year. There were three homes sold in Grand Detour in the first quarter of 2016.

The median sales tax in Grand Detour for 2017 was $2,088. In 2016, the median sales tax was $2,146. This marks an decrease of 2.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

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

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Davis Junction8714.3%$156,500$138,00013.4%
Lost Nation30-$155,000$0-
Byron111010%$128,000$118,7507.8%
Rochelle248200%$116,500$89,25030.5%
Grand Detour23-33.3%$114,750$89,00028.9%
Creston12-50%$112,600$94,50019.2%
Monroe Center10-$109,000$0-
Polo114175%$107,500$45,000138.9%
Stillman Valley52150%$93,000$92,0001.1%
Hillcrest63100%$87,500$106,000-17.5%
Oregon156150%$67,000$62,0008.1%

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