Rock Island Today

Rock Island Today

Tuesday, February 18, 2020

Milan home prices rise in the second half of 2019

Real Estate

By Rock Island Today Reports | Jan 7, 2020

Re 10

The median sale price of a home sold in the second half of 2019 in Milan rose by $1,000 while total sales increased by 53.3%, according to BlockShopper.com.

From July through December of 2019, there were 23 homes sold, with a median sale price of $117,000 - a 0.9% increase over the $116,000 median sale price for the same period of the previous year. There were 15 homes sold in Milan in the second half of 2018.

The median sales tax in Milan for the most recent year with available data, 2018, was $2,648, approximately 2.3% of the median home sale price for the second half of 2019.

The following table compares Milan to other Rock Island County cities with similar median sales prices in the second half of 2019:

City
July - Dec. 2019 Home Sales
July - Dec. 2018 Home Sales
% change (Total Home Sales)
July - Dec. 2019 Median Sales Price
July - Dec. 2018 Median Sales Price
% change (Median Sales Price)
Illinois City
1
0
-
$159,900
$0
-
Taylor Ridge
1
4
-75%
$158,000
$227,500
-30.5%
Fruitland
2
2
0%
$154,500
$115,750
33.5%
Coal Valley
6
5
20%
$146,950
$175,000
-16%
Rapids City
6
2
200%
$138,750
$36,500
280.1%
Carbon Cliff
2
1
100%
$132,450
$88,900
49%
Milan
23
15
53.3%
$117,000
$116,000
0.9%
Silvis
16
16
0%
$115,300
$104,450
10.4%
Moline
96
88
9.1%
$108,700
$108,750
-0%
East Moline
73
76
-3.9%
$98,000
$106,250
-7.8%
Rock Island
72
51
41.2%
$94,150
$89,000
5.8%

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