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Friday, April 19, 2024

Rapids City home prices rise in the first half of 2018

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The median sale price of a home sold in the first half of 2018 in Rapids City rose by $14,500 while total sales decreased by 66.7%, according to BlockShopper.com.

From January through June of 2018, there were two homes sold, with a median sale price of $101,250 - a 16.7% increase over the $86,750 median sale price for the same period of the previous year. There were six homes sold in Rapids City in the first half of 2017.

The median sales tax in Rapids City for the most recent year with available data, 2017, was $2,890, approximately 2.9% of the median home sale price for the first half of 2018.

The following table compares Rapids City to other Rock Island County cities with similar median sales prices in the first half of 2018:

CityJan. - June 2018 Home SalesJan. - June 2017 Home Sales% change (Total Home Sales)Jan. - June 2018 Median Sales PriceJan. - June 2017 Median Sales Price% change (Median Sales Price)
Port Byron623-73.9%$182,500$116,666.6756.4%
Hampton717-58.8%$151,000$79,666.6789.5%
Coal Valley727-74.1%$113,000$122,900-8.1%
Cordova26-66.7%$111,700$58,333.3491.5%
Milan985-89.4%$107,000$72,00048.6%
Rapids City26-66.7%$101,250$86,75016.7%
Moline102434-76.5%$99,500$70,50041.1%
East Moline47170-72.4%$86,000$62,166.6738.3%
Rock Island65366-82.2%$83,900$41,666.67101.4%
Taylor Ridge110-90%$83,000$110,000-24.5%
Silvis1674-78.4%$75,750$65,666.6715.4%

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