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Rock Island Today

Friday, April 19, 2024

Rapids City home prices fall in 2018

Realestate077

The median sale price of a home sold in 2018 in Rapids City fell by $115,000 while total sales decreased by 66.7%, according to BlockShopper.com.

From January through December of 2018, there were four homes sold, with a median sale price of $52,500 - a 68.7% decrease over the $167,500 median sale price for the previous year. There were 12 homes sold in Rapids City in 2017.

The median sales tax in Rapids City for the most recent year with available data, 2017, was $2,890, approximately 5.5% of the median home sale price for 2018.

The following table compares Rapids City to other Rock Island County cities with similar median sales prices in 2018:

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Cordova314-78.6%$128,000$154,250-17%
Fruitland27-71.4%$115,750$90,00028.6%
Milan24147-83.7%$108,450$90,50019.8%
Moline190912-79.2%$104,950$84,95023.5%
East Moline123355-65.4%$93,000$79,00017.7%
Silvis32135-76.3%$89,500$78,00014.7%
Carbon Cliff123-95.7%$88,900$65,00036.8%
Rock Island116743-84.4%$86,750$69,00025.7%
Reynolds313-76.9%$65,000$45,00044.4%
Rapids City412-66.7%$52,500$167,500-68.7%
Andalusia124-95.8%$13,500$127,000-89.4%

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