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Saturday, November 23, 2024

Thomasboro home prices fall in the first half of 2017

Realestate5

The median sale price of a home sold in the first half of 2017 in Thomasboro fell by $14,300 while total sales increased by 122.2%, according to BlockShopper.com.

From January through June of 2017, there were 20 homes sold, with a median sale price of $70,700 - a 16.8% decrease over the $85,000 median sale price for the same period of the previous year. There were nine homes sold in Thomasboro in the first half of 2016.

The median sales tax in Thomasboro for 2017 was $1,606. In 2016, the median sales tax was $1,600. This marks an increase of 0.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.

The following table compares Thomasboro to other Champaign 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)
Gifford191090%$100,619$142,500-29.4%
Ogden1016-37.5%$100,500$92,0009.2%
Royal23-33.3%$85,750$165,000-48%
Homer18180%$85,000$94,750-10.3%
Sadorus660%$81,000$47,95068.9%
Thomasboro209122.2%$70,700$85,000-16.8%
Broadlands4333.3%$64,000$113,000-43.4%
Rantoul12210911.9%$60,000$49,90020.2%
Ivesdale42100%$49,000$58,500-16.2%
Ludlow51400%$28,000$72,000-61.1%
Penfield16-83.3%$8,500$89,750-90.5%

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