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Peoria Standard

Wednesday, April 17, 2024

Morton home prices rise in October 2018

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The median sale price of a home sold in October 2018 in Morton rose by $6,500 while total sales decreased by 25%, according to BlockShopper.com.

In October 2018, there were 21 homes sold, with a median sale price of $178,500 - a 3.8% increase over the $172,000 median sale price for the same period of the previous year. There were 28 homes sold in Morton in October 2017.

The median sales tax in Morton for the most recent year with available data, 2016, was $3,678, approximately 2.1% of the median home sale price for October 2018.

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

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Mackinaw24-50%$272,500$122,500122.4%
Minier23-33.3%$240,500$97,000147.9%
Heritage Lake4333.3%$179,250$126,50041.7%
Morton2128-25%$178,500$172,0003.8%
Tremont42100%$159,750$98,00063%
Washington3031-3.2%$139,700$136,0002.7%
Green Valley220%$134,750$191,000-29.5%
East Peoria322814.3%$124,500$116,2507.1%
North Pekin23-33.3%$110,500$69,00060.1%
Deer Creek21100%$94,000$115,000-18.3%
Pekin4752-9.6%$87,000$89,950-3.3%

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