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Sunday, September 29, 2024

Moline home prices fall in June 2017

Re 1

The median sale price of a home sold in June 2017 in Moline fell by $4,500 while total sales increased by 46.8%, according to BlockShopper.com.

In June 2017, there were 116 homes sold, with a median sale price of $94,000 - a 4.6% decrease over the $98,500 median sale price for the same period of the previous year. There were 79 homes sold in Moline in June 2016.

The median sales tax in Moline for 2017 was $2,431. In 2016, the median sales tax was $2,415. This marks an increase of 0.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.

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

CityJune 2017 Home SalesJune 2016 Home Sales% change (Total Home Sales)June 2017 Median Sales PriceJune 2016 Median Sales Price% change (Median Sales Price)
Andalusia42100%$155,750$124,75024.8%
Silvis10825%$135,500$170,000-20.3%
East Moline442669.2%$104,965$109,000-3.7%
Carbon Cliff26-66.7%$101,000$89,50012.8%
Milan22214.8%$98,000$115,500-15.2%
Port Byron47-42.9%$96,000$112,000-14.3%
Moline1167946.8%$94,000$98,500-4.6%
Edgington20-$92,450$0-
Rock Island7476-2.6%$79,500$80,000-0.6%
Illinois City30-$40,000$0-
Fruitland110%$33,600$40,000-16%

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