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Thursday, April 25, 2024

Silvis home prices rise in the third quarter of 2018

Realestate2

The median sale price of a home sold in the third quarter of 2018 in Silvis rose by $29,125 while total sales decreased by 66.7%, according to BlockShopper.com.

From July through September of 2018, there were 10 homes sold, with a median sale price of $113,000 - a 34.7% increase over the $83,875 median sale price for the same period of the previous year. There were 30 homes sold in Silvis in the third quarter of 2017.

The median sales tax in Silvis for the most recent year with available data, 2017, was $2,506.20, approximately 2.2% of the median home sale price for the third quarter of 2018.

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

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Hampton416-75%$174,000$140,25024.1%
Coal Valley226-92.3%$162,500$167,700-3.1%
Fruitland12-50%$148,500$112,75031.7%
Milan1034-70.6%$133,450$111,95019.2%
Cordova16-83.3%$128,000$198,950-35.7%
East Moline4195-56.8%$115,000$97,00018.6%
Silvis1030-66.7%$113,000$83,87534.7%
Moline45263-82.9%$112,500$99,00013.6%
Rock Island27212-87.3%$86,500$84,7502.1%
Reynolds15-80%$65,000$118,860-45.3%
Rapids City23-33.3%$36,500$215,000-83%

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