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Monday, November 25, 2024

Grand Detour home prices fall in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Grand Detour fell by $15,750 while total sales increased by 20%, according to BlockShopper.com.

From January through June of 2019, there were six homes sold, with a median sale price of $129,250 - a 10.9% decrease over the $145,000 median sale price for the same period of the previous year. There were five homes sold in Grand Detour in the first half 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 1.7%.

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

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Davis Junction14140%$162,000$161,0000.6%
Lost Nation39-66.7%$162,000$170,000-4.7%
Byron3134-8.8%$152,000$135,50012.2%
Monroe Center34-25%$140,000$112,50024.4%
Rochelle4981-39.5%$132,000$105,00025.7%
Grand Detour6520%$129,250$145,000-10.9%
Stillman Valley990%$129,000$132,000-2.3%
Hillcrest12771.4%$126,000$82,50052.7%
Oregon33323.1%$100,000$78,00028.2%
Mount Morris2023-13%$87,250$85,0002.6%
Forreston1016-37.5%$82,250$67,50021.9%

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