Gretchen E Peterson sells 408 E. High St., Morris

The home at 408 E. High St., Morris was sold on May 4 by Gretchen E Peterson for $15,000.

The buyer was Gregory Pappas.

The property tax paid for this property in 2023 was $3,364. This is 22.4% of the sale price of the home.

This property is one of 28 sales in Morris (Grundy County) from April 4 to May 4.

This story was found on BlockShopper.com.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.