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Friday, June 20, 2025

Oregon home prices fall in the second half of 2017

Webp realestate1

The median sale price of a home sold in the second half of 2017 in Oregon fell by $21,000 while total sales decreased by 10.9%, according to BlockShopper.com.

From July through December of 2017, there were 41 homes sold, with a median sale price of $70,000 - a 23.1% decrease over the $91,000 median sale price for the same period of the previous year. There were 46 homes sold in Oregon in the second half 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 3.2%.

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

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Monroe Center220%$144,950$113,00028.3%
Byron35350%$135,000$134,0000.7%
Stillman Valley10825%$126,750$131,500-3.6%
Rochelle5659-5.1%$110,500$107,5002.8%
Hillcrest125140%$98,250$115,000-14.6%
Grand Detour36-50%$90,000$85,0005.9%
Forreston1013-23.1%$80,400$77,0004.4%
Leaf River15-80%$80,000$65,00023.1%
Mount Morris322623.1%$70,000$55,00027.3%
Oregon4146-10.9%$70,000$91,000-23.1%
Polo2022-9.1%$67,750.50$54,00025.5%

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