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Saturday, November 23, 2024

Champaign home prices rise in June 2017

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The median sale price of a home sold in June 2017 in Champaign rose by $7,000 while total sales decreased by 0.4%, according to BlockShopper.com.

In June 2017, there were 228 homes sold, with a median sale price of $149,000 - a 4.9% increase over the $142,000 median sale price for the same period of the previous year. There were 229 homes sold in Champaign in June 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 2.3%.

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

CityJune 2017 Home SalesJune 2016 Home Sales% change (Total Home Sales)June 2017 Median Sales PriceJune 2016 Median Sales Price% change (Median Sales Price)
Mahomet4347-8.5%$197,000$230,850-14.7%
Broadlands110%$187,500$155,00021%
Tolono124200%$183,500$191,250-4.1%
Bondville31200%$160,000$75,000113.3%
St. Joseph13130%$153,000$158,250-3.3%
Champaign228229-0.4%$149,000$142,0004.9%
Sidney57-28.6%$135,000$95,00042.1%
Gifford71600%$128,000$133,500-4.1%
Pesotum10-$125,800$0-
Fisher9650%$117,000$170,500-31.4%
Urbana8997-8.2%$115,000$125,000-8%

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