Quantcast

Rock Island Today

Tuesday, November 26, 2024

Rock Island home prices fall in the second half of 2017

Re 3

The median sale price of a home sold in the second half of 2017 in Rock Island fell by $750 while total sales increased by 7.7%, according to BlockShopper.com.

From July through December of 2017, there were 377 homes sold, with a median sale price of $85,000 - a 0.9% decrease over the $85,750 median sale price for the same period of the previous year. There were 350 homes sold in Rock Island in the second 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 2.5%.

The following table compares Rock Island 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%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS