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Saturday, November 23, 2024

Champaign home prices fall in November 2017

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The median sale price of a home sold in November 2017 in Champaign fell by $8,750 while total sales decreased by 11.9%, according to BlockShopper.com.

In November 2017, there were 104 homes sold, with a median sale price of $125,500 - a 6.5% decrease over the $134,250 median sale price for the same period of the previous year. There were 118 homes sold in Champaign in November 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 2.7%.

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

CityNov. 2017 Home SalesNov. 2016 Home Sales% change (Total Home Sales)Nov. 2017 Median Sales PriceNov. 2016 Median Sales Price% change (Median Sales Price)
Sadorus110%$215,000$66,500223.3%
Mahomet201811.1%$184,250$191,450-3.8%
Pesotum12-50%$154,900$87,00078%
St. Joseph8714.3%$148,250$124,90018.7%
Sidney330%$145,500$90,00061.7%
Champaign104118-11.9%$125,500$134,250-6.5%
Gifford330%$125,000$115,0008.7%
Thomasboro220%$116,250$55,750108.5%
Fisher330%$115,000$140,000-17.9%
Tolono57-28.6%$105,000$206,500-49.2%
Urbana4152-21.2%$104,888$127,500-17.7%

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