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Rock Island Today

Monday, November 25, 2024

Milan home prices fall in August 2018

Re 12

The median sale price of a home sold in August 2018 in Milan fell by $9,750 while total sales decreased by 60%, according to BlockShopper.com.

In August 2018, there were four homes sold, with a median sale price of $99,250 - a 8.9% decrease over the $109,000 median sale price for the same period of the previous year. There were 10 homes sold in Milan in August 2017.

The median sales tax in Milan for the most recent year with available data, 2017, was $2,468, approximately 2.5% of the median home sale price for August 2018.

The following table compares Milan to other Rock Island County cities in August 2018:

CityAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Port Byron13-66.7%$240,000$255,900-6.2%
Coal Valley113-92.3%$175,000$185,000-5.4%
Hampton36-50%$165,000$172,500-4.3%
Fruitland10-$148,500$0-
East Moline1435-60%$130,000$95,00036.8%
Moline20104-80.8%$117,500$94,95023.7%
Milan410-60%$99,250$109,000-8.9%
Silvis514-64.3%$89,000$122,500-27.3%
Rock Island1373-82.2%$86,500$85,0001.8%
Rapids City110%$65,000$300,000-78.3%
Reynolds12-50%$65,000$78,430-17.1%
Carbon Cliff02-100%$0$100,000-100%
Hillsdale01-100%$0$85,000-100%
Edgington00-$0$0-
Taylor Ridge04-100%$0$242,450-100%
Andalusia00-$0$0-
Cordova02-100%$0$198,950-100%
Illinois City00-$0$0-
Coyne Center02-100%$0$156,500-100%

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