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Monday, December 23, 2024

Sidney home prices rise in the third quarter of 2017

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The median sale price of a home sold in the third quarter of 2017 in Sidney rose by $20,250 while total sales decreased by 38.5%, according to BlockShopper.com.

From July through September of 2017, there were eight homes sold, with a median sale price of $146,250 - a 16.1% increase over the $126,000 median sale price for the same period of the previous year. There were 13 homes sold in Sidney in the third 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 1.7%.

The following table compares Sidney to other Champaign 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)
Savoy5674-24.3%$226,250$221,5002.1%
Dewey7475%$218,000$166,50030.9%
Lake of the Woods13130%$195,000$168,50015.7%
St. Joseph32306.7%$163,000$158,4502.9%
Pesotum7540%$147,500$110,00034.1%
Sidney813-38.5%$146,250$126,00016.1%
Champaign5615227.5%$145,500$146,464-0.7%
Seymour46-33.3%$145,500$90,00061.7%
Fisher171330.8%$142,900$138,5003.2%
Gifford115120%$142,500$79,00080.4%
Philo10825%$135,000$131,5002.7%

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