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Saturday, September 28, 2024

Rock Island home prices fall in the first half of 2017

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The median sale price of a home sold in the first half of 2017 in Rock Island fell by $35,833 while total sales increased by 17.7%, according to BlockShopper.com.

From January through June of 2017, there were 366 homes sold, with a median sale price of $41,667 - a 46.2% decrease over the $77,500 median sale price for the same period of the previous year. There were 311 homes sold in Rock Island in the first half of 2016.

The median sales tax in Rock Island for 2017 was $2,131. In 2016, the median sales tax was $2,136. This marks an decrease of 0.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 5.1%.

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

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Milan857119.7%$72,000$99,000-27.3%
Hillsdale35-40%$71,000$65,0009.2%
Moline43434725.1%$70,500$91,000-22.5%
Silvis744660.9%$65,666.67$96,000-31.6%
East Moline17013327.8%$62,166.67$92,500-32.8%
Cordova613-53.8%$58,333.34$165,000-64.6%
Carbon Cliff1022-54.5%$47,833.34$76,500-37.5%
Reynolds42100%$46,833.34$155,500-69.9%
Rock Island36631117.7%$41,666.67$77,500-46.2%
Illinois City84100%$37,500$112,500-66.7%
Fruitland36-50%$33,600$57,500-41.6%

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