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Saturday, September 28, 2024

Milan home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Milan rose by $88,166.67 while total sales decreased by 89.7%, according to BlockShopper.com.

From January through March of 2018, there were three homes sold, with a median sale price of $128,500 - a 218.6% increase over the $40,333.33 median sale price for the same period of the previous year. There were 29 homes sold in Milan in the first quarter of 2017.

The median sales tax in Milan for the most recent year with available data, 2017, was $2,468.20, approximately 1.9% of the median home sale price for the first quarter of 2018.

The following table compares Milan to other Rock Island County cities in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Port Byron39-66.7%$180,000$109,166.6764.9%
Hampton34-25%$151,000$85,00077.6%
Milan329-89.7%$128,500$40,333.33218.6%
Moline50153-67.3%$106,450$34,166.67211.6%
East Moline1665-75.4%$82,750$28,333.33192.1%
Silvis829-72.4%$81,500$46,00077.2%
Rock Island31160-80.6%$79,900$28,500180.4%
Coal Valley37-57.1%$77,500$59,166.6731%
Rapids City10-$40,000$0-
Andalusia15-80%$13,500$38,333.33-64.8%
Taylor Ridge06-100%$0$55,333.34-100%
Cordova01-100%$0$15,500-100%
Reynolds03-100%$0$45,000-100%
Illinois City05-100%$0$14,000-100%
Coyne Center01-100%$0$28,333.33-100%
Fruitland00-$0$0-
Carbon Cliff04-100%$0$42,000-100%
Hillsdale01-100%$0$76,000-100%
Edgington00-$0$0-

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