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Monday, November 25, 2024

Rock Island home prices fall in January 2017

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The median sale price of a home sold in January 2017 in Rock Island fell by $31,667 while total sales increased by 4.4%, according to BlockShopper.com.

In January 2017, there were 47 homes sold, with a median sale price of $33,333 - a 48.7% decrease over the $65,000 median sale price for the same period of the previous year. There were 45 homes sold in Rock Island in January 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 6.4%.

The following table compares Rock Island to other Rock Island County cities in January 2017:

CityJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Andalusia10-$162,000$0-
Port Byron31200%$130,000$375,000-65.3%
Hampton3250%$76,666.67$225,000-65.9%
Milan990%$76,666.67$112,000-31.5%
Silvis126100%$54,666.67$107,750-49.3%
Carbon Cliff12-50%$50,666.67$122,500-58.6%
Taylor Ridge30-$45,500$0-
Coal Valley34-25%$36,666.67$190,500-80.8%
Moline513737.8%$36,500$77,500-52.9%
East Moline1220-40%$35,000$121,750-71.3%
Rock Island47454.4%$33,333.33$65,000-48.7%
Cordova01-100%$0$136,000-100%
Reynolds00-$0$0-
Illinois City01-100%$0$125,000-100%
Coyne Center01-100%$0$128,000-100%
Fruitland01-100%$0$75,000-100%
Hillsdale00-$0$0-
Rapids City01-100%$0$35,000-100%
Edgington01-100%$0$70,000-100%

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