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Rock Island Today

Tuesday, November 26, 2024

East Moline home prices rise in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in East Moline rose by $3,000 while total sales increased by 32.1%, according to BlockShopper.com.

From July through December of 2017, there were 185 homes sold, with a median sale price of $89,000 - a 3.5% increase over the $86,000 median sale price for the same period of the previous year. There were 140 homes sold in East Moline in the second half of 2016.

The median sales tax in East Moline for 2017 was $2,563. In 2016, the median sales tax was $2,522. This marks an increase of 1.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.

The following table compares East 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)
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%
Hillsdale660%$81,500$75,0008.7%
Reynolds990%$43,000$60,000-28.3%

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