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Thursday, April 18, 2024

Cordova home prices rise in the second quarter of 2018

Realestate5

The median sale price of a home sold in the second quarter of 2018 in Cordova rose by $45,033.33 while total sales decreased by 60%, according to BlockShopper.com.

From April through June of 2018, there were two homes sold, with a median sale price of $111,700 - a 67.5% increase over the $66,666.67 median sale price for the same period of the previous year. There were five homes sold in Cordova in the second quarter of 2017.

The median sales tax in Cordova for the most recent year with available data, 2017, was $2,474.30, approximately 2.2% of the median home sale price for the second quarter of 2018.

The following table compares Cordova to other Rock Island County cities with similar median sales prices in the second quarter of 2018:

CityApr. - June 2018 Home SalesApr. - June 2017 Home Sales% change (Total Home Sales)Apr. - June 2018 Median Sales PriceApr. - June 2017 Median Sales Price% change (Median Sales Price)
Illinois City13-66.7%$300,000$40,000650%
Port Byron314-78.6%$185,000$119,333.3455%
Rapids City16-83.3%$162,500$86,75087.3%
Coal Valley420-80%$150,950$164,500-8.2%
Hampton413-69.2%$144,500$79,666.6781.4%
Cordova25-60%$111,700$66,666.6767.5%
Moline52281-81.5%$95,575$89,0007.4%
Rock Island34206-83.5%$93,700$73,25027.9%
East Moline31105-70.5%$92,500$90,0002.8%
Milan656-89.3%$92,000$87,7504.8%
Taylor Ridge14-75%$83,000$173,500-52.2%

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