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Monday, December 23, 2024

Lake of the Woods home prices rise in September 2017

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The median sale price of a home sold in September 2017 in Lake of the Woods rose by $38,300 while total sales increased by 200%, according to BlockShopper.com.

In September 2017, there were six homes sold, with a median sale price of $203,500 - a 23.2% increase over the $165,200 median sale price for the same period of the previous year. There were two homes sold in Lake of the Woods in September 2016.

The median sales tax in Lake of the Woods for 2017 was $3,175. In 2016, the median sales tax was $3,204. This marks an decrease of 0.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.

The following table compares Lake of the Woods to other Champaign County cities with similar median sales prices in September 2017:

CitySept. 2017 Home SalesSept. 2016 Home Sales% change (Total Home Sales)Sept. 2017 Median Sales PriceSept. 2016 Median Sales Price% change (Median Sales Price)
Glover10-$295,000$0-
Lake of the Woods62200%$203,500$165,20023.2%
Mahomet29290%$203,000$220,000-7.7%
Sidney5425%$175,000$131,50033.1%
Tolono48-50%$172,450$131,20031.4%
Savoy1223-47.8%$164,750$188,500-12.6%
Ludlow10-$163,000$0-
Pesotum20-$155,500$0-
Seymour13-66.7%$155,000$200,000-22.5%
Gifford330%$143,000$79,00081%
St. Joseph84100%$142,250$170,250-16.4%

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