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Peoria Standard

Sunday, November 24, 2024

Rome home prices fall in July 2017

Re 7

The median sale price of a home sold in July 2017 in Rome fell by $19,000 while total sales increased by 100%, according to BlockShopper.com.

In July 2017, there were four homes sold, with a median sale price of $107,250 - a 15% decrease over the $126,250 median sale price for the same period of the previous year. There were two homes sold in Rome in July 2016.

The median sales tax in Rome for 2017 was $2,192. In 2016, the median sales tax was $2,152. This marks an increase of 1.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

The following table compares Rome to other Peoria County cities with similar median sales prices in July 2017:

CityJuly 2017 Home SalesJuly 2016 Home Sales% change (Total Home Sales)July 2017 Median Sales PriceJuly 2016 Median Sales Price% change (Median Sales Price)
Brimfield21100%$167,500$85,00097.1%
Elmwood51400%$163,000$58,000181%
Lake Camelot41300%$160,250$250,000-35.9%
Hanna City3250%$139,000$96,50044%
Peoria183188-2.7%$110,000$123,500-10.9%
Rome42100%$107,250$126,250-15%
Chillicothe1014-28.6%$104,500$93,50011.8%
Princeville23-33.3%$100,750$128,000-21.3%
Bartonville171241.7%$79,200$62,50026.7%
West Peoria73133.3%$68,900$50,00037.8%
Glasford13-66.7%$68,000$110,000-38.2%

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