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Saturday, November 23, 2024

Fairmount home prices fall in the first half of 2017

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The median sale price of a home sold in the first half of 2017 in Fairmount fell by $16,500 while total sales increased by 25%, according to BlockShopper.com.

From January through June of 2017, there were five homes sold, with a median sale price of $20,000 - a 45.2% decrease over the $36,500 median sale price for the same period of the previous year. There were four homes sold in Fairmount in the first half of 2016.

The median sales tax in Fairmount for the most recent year with available data, 2016, was $1,166, approximately 5.8% of the median home sale price for the first half of 2017.

The following table compares Fairmount to other Vermilion County cities with similar median sales prices in the first half of 2017:

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Henning21100%$51,500$11,000368.2%
Rossville12120%$43,500$57,750-24.7%
Hoopeston39382.6%$40,000$43,750-8.6%
Danville201206-2.4%$39,900$42,750-6.7%
Ridge Farm48-50%$39,000$34,50013%
Rankin21100%$31,144.38$27,50013.3%
Tilton1719-10.5%$29,500$52,500-43.8%
Olivet6450%$29,500$43,250-31.8%
Georgetown242020%$26,500$48,800-45.7%
Fairmount5425%$20,000$36,500-45.2%
Belgium10-$3,000$0-

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