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Tuesday, July 29, 2025

Mahomet home prices fall in March 2018

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The median sale price of a home sold in March 2018 in Mahomet fell by $24,750 while total sales decreased by 61.5%, according to BlockShopper.com.

In March 2018, there were 10 homes sold, with a median sale price of $156,500 - a 13.7% decrease over the $181,250 median sale price for the same period of the previous year. There were 26 homes sold in Mahomet in March 2017.

The median sales tax in Mahomet for the most recent year with available data, 2017, was $4,391, approximately 2.8% of the median home sale price for March 2018.

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

CityMar. 2018 Home SalesMar. 2017 Home Sales% change (Total Home Sales)Mar. 2018 Median Sales PriceMar. 2017 Median Sales Price% change (Median Sales Price)
Savoy1121-47.6%$236,500$164,00044.2%
St. Joseph34-25%$216,000$145,00049%
Lake of the Woods30-$199,900$0-
Philo36-50%$186,500$169,7509.9%
Champaign89132-32.6%$171,500$133,50028.5%
Mahomet1026-61.5%$156,500$181,250-13.7%
Tolono7475%$138,000$125,694.509.8%
Sidney34-25%$116,250$52,000123.6%
Ogden20-$110,500$0-
Urbana3843-11.6%$109,450$122,500-10.7%
Thomasboro330%$97,000$68,00042.6%

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