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Wednesday, December 25, 2024

Tilton home prices fall in the third quarter of 2017

Realestate077

The median sale price of a home sold in the third quarter of 2017 in Tilton fell by $10,900 while total sales increased by 27.3%, according to BlockShopper.com.

From July through September of 2017, there were 14 homes sold, with a median sale price of $39,100 - a 21.8% decrease over the $50,000 median sale price for the same period of the previous year. There were 11 homes sold in Tilton in the third quarter of 2016.

The median sales tax in Tilton for the most recent year with available data, 2016, was $751.80, approximately 1.9% of the median home sale price for the third quarter of 2017.

The following table compares Tilton to other Vermilion County cities with similar median sales prices in the third quarter of 2017:

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Rossville45-20%$66,500$70,000-5%
Westville2010100%$52,750$93,750-43.7%
Hoopeston1822-18.2%$52,500$46,00014.1%
Danville13211910.9%$48,500$43,90010.5%
Georgetown211540%$46,500$35,00032.9%
Sidell31200%$40,000$70,000-42.9%
Tilton141127.3%$39,100$50,000-21.8%
Potomac330%$35,000$47,000-25.5%
Fairmount12-50%$31,000$74,750-58.5%
Ridge Farm24-50%$21,000$16,50027.3%
Rankin61500%$15,500$7,000121.4%

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