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Rock Island Today

Wednesday, November 6, 2024

Milan home prices rise in October 2017

Realestate077

The median sale price of a home sold in October 2017 in Milan rose by $9,500 while total sales remained unchanged with eight homes sold, according to BlockShopper.com.

In October 2017, there were eight homes sold, with a median sale price of $156,750 - a 6.5% increase over the $147,250 median sale price for the same period of the previous year. There were eight homes sold in Milan in October 2016, as well.

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 1.6%.

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

CityOct. 2017 Home SalesOct. 2016 Home Sales% change (Total Home Sales)Oct. 2017 Median Sales PriceOct. 2016 Median Sales Price% change (Median Sales Price)
Coal Valley712-41.7%$232,000$89,500159.2%
Port Byron63100%$182,450$259,000-29.6%
Hampton3250%$164,000$233,000-29.6%
Taylor Ridge15-80%$164,000$160,0002.5%
Milan880%$156,750$147,2506.5%
Carbon Cliff30-$155,000$0-
Reynolds21100%$91,500$104,000-12%
East Moline2730-10%$89,000$85,7503.8%
Moline795446.3%$85,000$88,750-4.2%
Silvis11922.2%$82,500$112,000-26.3%
Fruitland10-$80,699$0-

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