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Grundy Reporter

Friday, November 22, 2024

Morris home prices fall in the second quarter of 2017

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The median sale price of a home sold in the second quarter of 2017 in Morris fell by $7,000 while total sales increased by 27%, according to BlockShopper.com.

From April through June of 2017, there were 80 homes sold, with a median sale price of $172,500 - a 3.9% decrease over the $179,500 median sale price for the same period of the previous year. There were 63 homes sold in Morris in the second quarter of 2016.

The median sales tax in Morris for 2017 was $3,764.17. In 2016, the median sales tax was $3,724.30. This marks an increase of 1.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.

The following table compares Morris to other Grundy County cities in the second quarter of 2017:

CityApr. - June 2017 Home SalesApr. - June 2016 Home Sales% change (Total Home Sales)Apr. - June 2017 Median Sales PriceApr. - June 2016 Median Sales Price% change (Median Sales Price)
Channahon221822.2%$242,500$230,5005.2%
Minooka675424.1%$205,000$185,55010.5%
Diamond11757.1%$200,000$175,00014.3%
Lisbon North20-$179,000$0-
Morris806327%$172,500$179,500-3.9%
Carbon Hill30-$162,000$0-
Coal City3341-19.5%$152,000$142,0007%
Mazon143366.7%$140,500$132,0006.4%
Gardner125140%$137,500$135,0001.9%
Braceville52150%$137,500$87,75056.7%
South Wilmington330%$40,000$34,50015.9%
Verona00-$0$0-

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