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Rock Island Today

Tuesday, December 24, 2024

Milan home prices fall in March 2017

Realestate5

The median sale price of a home sold in March 2017 in Milan fell by $58,667 while total sales increased by 22.2%, according to BlockShopper.com.

In March 2017, there were 11 homes sold, with a median sale price of $40,333 - a 59.3% decrease over the $99,000 median sale price for the same period of the previous year. There were nine homes sold in Milan in March 2016.

The median sales tax in Milan for 2017 was $2,468. In 2016, the median sales tax was $2,438. This marks an increase of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 6.1%.

The following table compares Milan to other Rock Island County cities with similar median sales prices in March 2017:

CityMar. 2017 Home SalesMar. 2016 Home Sales% change (Total Home Sales)Mar. 2017 Median Sales PriceMar. 2016 Median Sales Price% change (Median Sales Price)
Port Byron23-33.3%$62,500$235,000-73.4%
Taylor Ridge14-75%$55,000$229,000-76%
Coal Valley220%$49,166.67$99,500-50.6%
Reynolds30-$45,000$0-
Carbon Cliff24-50%$42,000$46,500-9.7%
Milan11922.2%$40,333.33$99,000-59.3%
Silvis8714.3%$40,000$65,000-38.5%
Andalusia45-20%$37,083.33$110,000-66.3%
Moline52496.1%$31,166.67$90,000-65.4%
Coyne Center13-66.7%$28,333.33$74,375-61.9%
East Moline22214.8%$27,000$65,000-58.5%

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