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Saturday, November 23, 2024

Sidney 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 Sidney fell by $10,750 while total sales decreased by 41.2%, according to BlockShopper.com.

From April through June of 2017, there were 10 homes sold, with a median sale price of $136,250 - a 7.3% decrease over the $147,000 median sale price for the same period of the previous year. There were 17 homes sold in Sidney in the second quarter of 2016.

The median sales tax in Sidney for 2017 was $2,541.43. In 2016, the median sales tax was $2,502.90. This marks an increase of 1.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.

The following table compares Sidney to other Champaign 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)
Lake of the Woods131030%$190,000$200,750-5.4%
Tolono312147.6%$153,900$150,0002.6%
St. Joseph2330-23.3%$148,500$160,000-7.2%
Bondville62200%$140,000$99,50040.7%
Champaign552560-1.4%$140,000$137,9501.5%
Sidney1017-41.2%$136,250$147,000-7.3%
Ogden713-46.2%$130,000$94,00038.3%
Pesotum14-75%$125,800$106,00018.7%
Fisher201717.6%$125,500$130,000-3.5%
Broadlands220%$123,750$134,000-7.6%
Urbana241247-2.4%$115,000$115,0000%

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