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Friday, November 22, 2024

Rantoul home prices rise in February 2018

Realestate1

The median sale price of a home sold in February 2018 in Rantoul rose by $29,000 while total sales decreased by 44.4%, according to BlockShopper.com.

In February 2018, there were 10 homes sold, with a median sale price of $79,500 - a 57.4% increase over the $50,500 median sale price for the same period of the previous year. There were 18 homes sold in Rantoul in February 2017.

The median sales tax in Rantoul for the most recent year with available data, 2017, was $1,786, approximately 2.2% of the median home sale price for February 2018.

The following table compares Rantoul to other Champaign County cities with similar median sales prices in February 2018:

CityFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
Champaign7585-11.8%$142,000$124,00014.5%
Urbana3145-31.1%$138,000$105,00031.4%
Tolono24-50%$135,500$159,500-15%
Lake of the Woods12-50%$110,000$195,000-43.6%
Philo21100%$93,750$148,000-36.7%
Ogden13-66.7%$90,000$59,00052.5%
Rantoul1018-44.4%$79,500$50,50057.4%
Fisher25-60%$76,000$105,000-27.6%
Thomasboro220%$60,313$61,200-1.4%
Sadorus110%$35,000$65,000-46.2%
Homer110%$25,000$5,500354.5%

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