Albany home prices fall in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Albany fell by $12,750 while total sales remained unchanged with eight homes sold, according to BlockShopper.com.

From July through September of 2020, there were eight homes sold, with a median sale price of $89,750 - a 12.4% decrease over the $102,500 median sale price for the same period of the previous year. There were eight homes sold in Albany in the third quarter of 2019, as well.

The median sales tax in Albany for the most recent year with available data, 2018, was $2,376, approximately 2.6% of the median home sale price for the third quarter of 2020.

The following table compares Albany to other Whiteside County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Prophetstown147100%$109,705.50$100,0009.7%
Como20-$109,450$0-
Fulton392277.3%$105,000$79,25032.5%
Sterling98110-10.9%$102,000$89,95013.4%
Morrison443622.2%$91,750$114,250-19.7%
Albany880%$89,750$102,500-12.4%
Grimes Addition21100%$82,250$72,50013.4%
Yeoward Addition220%$79,500$50,95056%
Rock Falls886927.5%$75,000$84,500-11.2%
Lyndon63100%$75,000$35,500111.3%
Douglas Park12-50%$40,000$56,250-28.9%

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