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Grundy Reporter

Friday, November 22, 2024

Morris home prices fall in May 2017

Re 11

The median sale price of a home sold in May 2017 in Morris fell by $52,500 while total sales remained unchanged with 18 homes sold, according to BlockShopper.com.

In May 2017, there were 18 homes sold, with a median sale price of $129,250 - a 28.9% decrease over the $181,750 median sale price for the same period of the previous year. There were 18 homes sold in Morris in May 2016, as well.

The median sales tax in Morris for 2017 was $3,764. In 2016, the median sales tax was $3,724. 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 2.9%.

The following table compares Morris to other Grundy County cities in May 2017:

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Diamond63100%$259,750$239,0008.7%
Channahon550%$230,000$200,00015%
Minooka201266.7%$177,000$183,050-3.3%
Coal City16156.7%$167,500$143,00017.1%
Gardner31200%$165,000$135,00022.2%
Mazon40-$145,500$0-
Morris18180%$129,250$181,750-28.9%
Braceville20-$124,000$0-
South Wilmington21100%$25,000$10,000150%
Verona00-$0$0-
Carbon Hill00-$0$0-
Lisbon North00-$0$0-

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