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Peoria Standard

Monday, November 25, 2024

Morton home prices rise in July 2018

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The median sale price of a home sold in July 2018 in Morton rose by $23,000 while total sales increased by 71%, according to BlockShopper.com.

In July 2018, there were 53 homes sold, with a median sale price of $192,500 - a 13.6% increase over the $169,500 median sale price for the same period of the previous year. There were 31 homes sold in Morton in July 2017.

The median sales tax in Morton for the most recent year with available data, 2016, was $3,678, approximately 1.9% of the median home sale price for July 2018.

The following table compares Morton to other Tazewell County cities with similar median sales prices in July 2018:

CityJuly 2018 Home SalesJuly 2017 Home Sales% change (Total Home Sales)July 2018 Median Sales PriceJuly 2017 Median Sales Price% change (Median Sales Price)
Morton533171%$192,500$169,50013.6%
Tremont611-45.5%$169,000$170,000-0.6%
Washington443912.8%$149,250$200,000-25.4%
Mackinaw5366.7%$142,500$122,50016.3%
East Peoria3847-19.1%$126,000$121,5003.7%
Heritage Lake23-33.3%$125,150$170,000-26.4%
Delavan220%$100,000$39,025156.2%
Hopedale12-50%$100,000$313,262.50-68.1%
Pekin5166-22.7%$89,000$100,000-11%
Marquette Heights3250%$86,900$92,450-6%
North Pekin31200%$85,000$92,500-8.1%

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