From January through December of 2018, there were 11 homes sold, with a median sale price of $110,000 - a 9.8% decrease over the $122,000 median sale price for the previous year. There were seven homes sold in Monroe Center in 2017.
The median sales tax in Monroe Center for 2018 was $2,420. In 2017, the median sales tax was $2,331. This marks an increase of 3.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.
The following table compares Monroe Center to other Ogle County cities with similar median sales prices in 2018:
| City | Jan. - Dec. 2018 Home Sales | Jan. - Dec. 2017 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2018 Median Sales Price | Jan. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Byron | 75 | 70 | 7.1% | $138,000 | $129,900 | 6.2% |
| Stillman Valley | 23 | 24 | -4.2% | $132,000 | $135,500 | -2.6% |
| Creston | 11 | 5 | 120% | $124,000 | $112,600 | 10.1% |
| Grand Detour | 12 | 8 | 50% | $120,500 | $81,000 | 48.8% |
| Hillcrest | 18 | 25 | -28% | $119,250 | $107,800 | 10.6% |
| Monroe Center | 11 | 7 | 57.1% | $110,000 | $122,000 | -9.8% |
| Rochelle | 157 | 129 | 21.7% | $104,000 | $112,000 | -7.1% |
| Mount Morris | 44 | 57 | -22.8% | $81,750 | $70,000 | 16.8% |
| Forreston | 28 | 25 | 12% | $79,750 | $73,500 | 8.5% |
| Oregon | 66 | 73 | -9.6% | $78,000 | $70,000 | 11.4% |
| Polo | 43 | 46 | -6.5% | $70,000 | $71,000.50 | -1.4% |
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