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Friday, June 20, 2025

Georgetown home prices fall in May 2017

Realestate3

The median sale price of a home sold in May 2017 in Georgetown fell by $18,249 while total sales increased by 125%, according to BlockShopper.com.

In May 2017, there were nine homes sold, with a median sale price of $20,001 - a 47.7% decrease over the $38,250 median sale price for the same period of the previous year. There were four homes sold in Georgetown in May 2016.

The median sales tax in Georgetown for the most recent year with available data, 2016, was $987, approximately 4.9% of the median home sale price for May 2017.

The following table compares Georgetown to other Vermilion County cities with similar median sales prices in May 2017:

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Henning10-$63,000$0-
Danville433426.5%$54,000$37,50044%
Fairmount20-$53,650$0-
Hoopeston810-20%$47,500$44,5006.7%
Rossville25-60%$46,000$77,500-40.6%
Sidell10-$45,000$0-
Catlin15-80%$40,100$70,000-42.7%
Tilton25-60%$26,000$22,00018.2%
Georgetown94125%$20,001$38,250-47.7%
Potomac10-$20,000$0-
Olivet12-50%$10,000$43,250-76.9%

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