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Saturday, November 23, 2024

Champaign home prices rise in April 2017

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The median sale price of a home sold in April 2017 in Champaign rose by $650 while total sales decreased by 9.6%, according to BlockShopper.com.

In April 2017, there were 141 homes sold, with a median sale price of $137,400 - a 0.5% increase over the $136,750 median sale price for the same period of the previous year. There were 156 homes sold in Champaign in April 2016.

The median sales tax in Champaign for 2017 was $3,362. In 2016, the median sales tax was $3,040. This marks an increase of 10.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.

The following table compares Champaign to other Champaign County cities with similar median sales prices in April 2017:

CityApr. 2017 Home SalesApr. 2016 Home Sales% change (Total Home Sales)Apr. 2017 Median Sales PriceApr. 2016 Median Sales Price% change (Median Sales Price)
Savoy1927-29.6%$215,000$164,00031.1%
Mahomet2529-13.8%$195,000$183,0006.6%
Glover10-$189,900$0-
Lake of the Woods63100%$179,750$260,000-30.9%
Tolono511-54.5%$155,500$139,90011.2%
Champaign141156-9.6%$137,400$136,7500.5%
Fisher57-28.6%$136,000$128,7795.6%
Dewey21100%$130,000$165,500-21.5%
Sidney23-33.3%$124,500$175,000-28.9%
Bondville30-$120,000$0-
St. Joseph37-57.1%$115,000$153,000-24.8%

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