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Peoria Standard

Sunday, November 24, 2024

Tremont home prices rise in the fourth quarter of 2017

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The median sale price of a home sold in the fourth quarter of 2017 in Tremont rose by $500 while total sales decreased by 33.3%, according to BlockShopper.com.

From October through December of 2017, there were eight homes sold, with a median sale price of $144,000 - a 0.3% increase over the $143,500 median sale price for the same period of the previous year. There were 12 homes sold in Tremont in the fourth quarter of 2016.

The median sales tax in Tremont for the most recent year with available data, 2016, was $3,482.50, approximately 2.4% of the median home sale price for the fourth quarter of 2017.

The following table compares Tremont to other Tazewell County cities with similar median sales prices in the fourth quarter of 2017:

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Armington13-66.7%$475,000$13,0003553.8%
Morton5691-38.5%$164,450$164,900-0.3%
Green Valley8560%$162,300$95,00070.8%
Tremont812-33.3%$144,000$143,5000.3%
Mackinaw166166.7%$139,500$157,750-11.6%
Washington916833.8%$139,000$170,750-18.6%
Minier5425%$131,000$97,30034.6%
Heritage Lake660%$130,500$170,750-23.6%
Deer Creek62200%$124,950$83,75049.2%
East Peoria8993-4.3%$115,000$111,5003.1%
Hopedale47-42.9%$94,650$132,000-28.3%

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