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Monday, September 30, 2024

Mahomet home prices rise in October 2018

Re 11

The median sale price of a home sold in October 2018 in Mahomet rose by $114,000 while total sales decreased by 20.8%, according to BlockShopper.com.

In October 2018, there were 19 homes sold, with a median sale price of $295,000 - a 63% increase over the $181,000 median sale price for the same period of the previous year. There were 24 homes sold in Mahomet in October 2017.

The median sales tax in Mahomet for the most recent year with available data, 2017, was $4,391, approximately 1.5% of the median home sale price for October 2018.

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

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Mahomet1924-20.8%$295,000$181,00063%
Savoy14140%$271,000$195,22538.8%
Philo220%$236,250$150,75056.7%
St. Joseph10911.1%$169,000$153,50010.1%
Royal110%$154,500$107,25044.1%
Fisher5366.7%$146,300$218,000-32.9%
Champaign1141094.6%$141,000$122,00015.6%
Urbana4761-23%$128,000$122,0004.9%
Gifford12-50%$125,000$30,600308.5%
Tolono56-16.7%$102,000$171,250-40.4%
Thomasboro110%$93,000$11,000745.5%

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