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Peoria Standard

Friday, November 22, 2024

Morton home prices rise in February 2017

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The median sale price of a home sold in February 2017 in Morton rose by $50,500 while total sales increased by 30%, according to BlockShopper.com.

In February 2017, there were 13 homes sold, with a median sale price of $222,000 - a 29.4% increase over the $171,500 median sale price for the same period of the previous year. There were 10 homes sold in Morton in February 2016.

The median sales tax in Morton for the most recent year with available data, 2016, was $3,678, approximately 1.7% of the median home sale price for February 2017.

The following table compares Morton to other Tazewell County cities with similar median sales prices in February 2017:

CityFeb. 2017 Home SalesFeb. 2016 Home Sales% change (Total Home Sales)Feb. 2017 Median Sales PriceFeb. 2016 Median Sales Price% change (Median Sales Price)
Morton131030%$222,000$171,50029.4%
Washington1721-19%$203,000$112,00081.3%
Tremont62200%$175,000$64,000173.4%
Hopedale30-$156,500$0-
Green Valley12-50%$135,000$258,945-47.9%
East Peoria302711.1%$129,500$114,00013.6%
Delavan42100%$108,750$107,5001.2%
Marquette Heights50-$99,900$0-
Mackinaw12-50%$91,750$246,125-62.7%
North Pekin3250%$90,000$104,122-13.6%
Deer Creek10-$88,500$0-

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