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Peoria Standard

Sunday, November 24, 2024

Hanna City home prices fall in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Hanna City fell by $11,550 while total sales increased by 45.5%, according to BlockShopper.com.

From July through December of 2017, there were 16 homes sold, with a median sale price of $73,450 - a 13.6% decrease over the $85,000 median sale price for the same period of the previous year. There were 11 homes sold in Hanna City in the second half of 2016.

The median sales tax in Hanna City for 2017 was $2,314. In 2016, the median sales tax was $2,270. This marks an increase of 2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.2%.

The following table compares Hanna City to other Peoria County cities with similar median sales prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Chillicothe675326.4%$106,900$100,0006.9%
Princeville1820-10%$106,500$115,250-7.6%
Brimfield84100%$92,500$77,50019.4%
Bartonville6270-11.4%$80,000$97,500-17.9%
Bellevue12120%$78,375$59,25032.3%
Hanna City161145.5%$73,450$85,000-13.6%
Peoria Heights645810.3%$73,000$87,000-16.1%
West Peoria494216.7%$71,000$72,000-1.4%
Glasford715-53.3%$68,000$78,500-13.4%
Kingston Mines4333.3%$63,750$10,924483.6%
Norwood35-40%$60,000$45,00033.3%

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