Morrison home prices fall in the third quarter of 2020

Medium realestate1

The median sale price of a home sold in the third quarter of 2020 in Morrison fell by $22,500 while total sales increased by 22.2%, according to BlockShopper.com.

From July through September of 2020, there were 44 homes sold, with a median sale price of $91,750 - a 19.7% decrease over the $114,250 median sale price for the same period of the previous year. There were 36 homes sold in Morrison in the third quarter of 2019.

The median sales tax in Morrison for the most recent year with available data, 2018, was $2,339, approximately 2.5% of the median home sale price for the third quarter of 2020.

The following table compares Morrison 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)
Erie141040%$115,250$137,000-15.9%
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%

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