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East Moline home prices rise in October 2017

Real Estate

By Rock Island Today Reports | Nov 7, 2017

Re 2

The median sale price of a home sold in October 2017 in East Moline rose by $3,250 while total sales decreased by 10%, according to BlockShopper.com.

In October 2017, there were 27 homes sold, with a median sale price of $89,000 - a 3.8% increase over the $85,750 median sale price for the same period of the previous year. There were 30 homes sold in East Moline in October 2016.

The median sales tax in East Moline for 2017 was $2,563. In 2016, the median sales tax was $2,522. This marks an increase of 1.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.

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

City
Oct. 2017 Home Sales
Oct. 2016 Home Sales
% change (Total Home Sales)
Oct. 2017 Median Sales Price
Oct. 2016 Median Sales Price
% change (Median Sales Price)
Hampton
3
2
50%
$164,000
$233,000
-29.6%
Taylor Ridge
1
5
-80%
$164,000
$160,000
2.5%
Milan
8
8
0%
$156,750
$147,250
6.5%
Carbon Cliff
3
0
-
$155,000
$0
-
Reynolds
2
1
100%
$91,500
$104,000
-12%
East Moline
27
30
-10%
$89,000
$85,750
3.8%
Moline
79
54
46.3%
$85,000
$88,750
-4.2%
Silvis
11
9
22.2%
$82,500
$112,000
-26.3%
Fruitland
1
0
-
$80,699
$0
-
Rock Island
47
63
-25.4%
$80,000
$90,000
-11.1%
Coyne Center
1
2
-50%
$63,000
$64,500
-2.3%

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