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Peoria Standard

Monday, November 25, 2024

Morton home prices fall in November 2018

Re 6

The median sale price of a home sold in November 2018 in Morton fell by $66,250 while total sales increased by 130%, according to BlockShopper.com.

In November 2018, there were 23 homes sold, with a median sale price of $160,000 - a 29.3% decrease over the $226,250 median sale price for the same period of the previous year. There were 10 homes sold in Morton in November 2017.

The median sales tax in Morton for the most recent year with available data, 2016, was $3,678, approximately 2.3% of the median home sale price for November 2018.

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

CityNov. 2018 Home SalesNov. 2017 Home Sales% change (Total Home Sales)Nov. 2018 Median Sales PriceNov. 2017 Median Sales Price% change (Median Sales Price)
Green Valley15-80%$170,000$159,6006.5%
Morton2310130%$160,000$226,250-29.3%
Tremont440%$150,000$144,0004.2%
Delavan4333.3%$128,500$34,000277.9%
Washington2734-20.6%$123,000$136,500-9.9%
Mackinaw18-87.5%$122,500$161,000-23.9%
East Peoria2934-14.7%$106,000$116,500-9%
Hopedale21100%$98,250$96,8001.5%
Pekin4245-6.7%$86,300$89,900-4%
Creve Coeur125140%$75,772.50$64,00018.4%
North Pekin24-50%$60,000$78,000-23.1%

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