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Wednesday, December 25, 2024

Savoy home prices fall in September 2017

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The median sale price of a home sold in September 2017 in Savoy fell by $23,750 while total sales decreased by 47.8%, according to BlockShopper.com.

In September 2017, there were 12 homes sold, with a median sale price of $164,750 - a 12.6% decrease over the $188,500 median sale price for the same period of the previous year. There were 23 homes sold in Savoy in September 2016.

The median sales tax in Savoy for 2017 was $4,602. In 2016, the median sales tax was $4,077. This marks an increase of 12.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Savoy 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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