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Saturday, December 14, 2019

Port Byron home prices fall in the first quarter of 2017

Real Estate

By Rock Island Today Reports | Apr 14, 2017

Re 3

The median sale price of a home sold in the first quarter of 2017 in Port Byron fell by $115,833.33 while total sales remained unchanged with nine homes sold, according to BlockShopper.com.

From January through March of 2017, there were nine homes sold, with a median sale price of $109,166.67 - a 51.5% decrease over the $225,000 median sale price for the same period of the previous year. There were nine homes sold in Port Byron in the first quarter of 2016, as well.

The median sales tax in Port Byron for 2017 was $3,828.96. In 2016, the median sales tax was $3,834. This marks an decrease of 0.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.5%.

The following table compares Port Byron to other Rock Island County cities with similar median sales prices in the first quarter of 2017:

City
Jan. - Mar. 2017 Home Sales
Jan. - Mar. 2016 Home Sales
% change (Total Home Sales)
Jan. - Mar. 2017 Median Sales Price
Jan. - Mar. 2016 Median Sales Price
% change (Median Sales Price)
Port Byron
9
9
0%
$109,166.67
$225,000
-51.5%
Hampton
4
6
-33.3%
$85,000
$118,500
-28.3%
Hillsdale
1
3
-66.7%
$76,000
$65,000
16.9%
Coal Valley
7
8
-12.5%
$59,166.67
$158,000
-62.6%
Taylor Ridge
6
5
20%
$55,333.34
$218,000
-74.6%
Silvis
29
22
31.8%
$46,000
$83,750
-45.1%
Reynolds
3
0
-
$45,000
$0
-
Carbon Cliff
4
10
-60%
$42,000
$76,500
-45.1%
Milan
29
21
38.1%
$40,333.33
$112,000
-64%
Andalusia
5
6
-16.7%
$38,333.33
$86,000
-55.4%
Moline
153
130
17.7%
$34,166.67
$83,500
-59.1%

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