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Saturday, November 23, 2024

Tilton 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 Tilton fell by $22,500 while total sales remained unchanged with 12 homes sold, according to BlockShopper.com.

From April through June of 2017, there were 12 homes sold, with a median sale price of $28,750 - a 43.9% decrease over the $51,250 median sale price for the same period of the previous year. There were 12 homes sold in Tilton in the second quarter of 2016, as well.

The median sales tax in Tilton for the most recent year with available data, 2016, was $751.80, approximately 2.6% of the median home sale price for the second quarter of 2017.

The following table compares Tilton to other Vermilion County cities with similar median sales prices 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)
Henning20-$51,500$0-
Sidell20-$49,250$0-
Rossville48-50%$47,750$57,750-17.3%
Danville118122-3.3%$42,000$50,500-16.8%
Hoopeston21210%$40,000$44,500-10.1%
Olivet42100%$29,500$43,250-31.8%
Tilton12120%$28,750$51,250-43.9%
Ridge Farm23-33.3%$27,500$36,000-23.6%
Georgetown167128.6%$22,000.50$35,000-37.1%
Fairmount31200%$20,000$5,000300%
Rankin110%$14,000$27,500-49.1%

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