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Rock Island Today

Tuesday, November 26, 2024

Moline home prices fall in the second half of 2017

Realestate4

The median sale price of a home sold in the second half of 2017 in Moline fell by $2,000 while total sales increased by 26.5%, according to BlockShopper.com.

From July through December of 2017, there were 478 homes sold, with a median sale price of $90,000 - a 2.2% decrease over the $92,000 median sale price for the same period of the previous year. There were 378 homes sold in Moline in the second half of 2016.

The median sales tax in Moline for 2017 was $2,431. In 2016, the median sales tax was $2,415. This marks an increase of 0.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.

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

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Hampton251838.9%$142,000$143,750-1.2%
Andalusia1121-47.6%$136,000$157,500-13.7%
Milan6263-1.6%$112,000$99,00013.1%
Illinois City880%$97,500$152,750-36.2%
Fruitland440%$96,500$53,57580.1%
Moline47837826.5%$90,000$92,000-2.2%
Carbon Cliff134225%$90,000$42,500111.8%
East Moline18514032.1%$89,000$86,0003.5%
Coyne Center1112-8.3%$89,000$81,0009.9%
Silvis614245.2%$86,000$95,500-9.9%
Rock Island3773507.7%$85,000$85,750-0.9%

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