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Friday, December 6, 2019

Silvis home prices fall in April 2017

Real Estate

By Rock Island Today Reports | May 7, 2017

Re 9

The median sale price of a home sold in April 2017 in Silvis fell by $28,750 while total sales increased by 125%, according to BlockShopper.com.

In April 2017, there were 18 homes sold, with a median sale price of $52,500 - a 35.4% decrease over the $81,250 median sale price for the same period of the previous year. There were eight homes sold in Silvis in April 2016.

The median sales tax in Silvis for 2017 was $2,506. In 2016, the median sales tax was $2,536. This marks an decrease of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.8%.

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

City
Apr. 2017 Home Sales
Apr. 2016 Home Sales
% change (Total Home Sales)
Apr. 2017 Median Sales Price
Apr. 2016 Median Sales Price
% change (Median Sales Price)
Hillsdale
1
0
-
$71,000
$0
-
Milan
20
17
17.6%
$66,465
$55,000
20.8%
East Moline
24
25
-4%
$65,682
$102,000
-35.6%
Hampton
7
2
250%
$54,333.33
$108,500
-49.9%
Coal Valley
3
5
-40%
$54,000
$147,000
-63.3%
Silvis
18
8
125%
$52,500
$81,250
-35.4%
Cordova
3
0
-
$50,000
$0
-
Moline
79
52
51.9%
$49,000
$82,250
-40.4%
Andalusia
3
1
200%
$41,666.67
$135,000
-69.1%
Rapids City
2
1
100%
$35,833.33
$140,000
-74.4%
Rock Island
61
53
15.1%
$33,333.33
$77,500
-57%

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