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Monday, September 30, 2024

Champaign home prices rise in October 2018

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The median sale price of a home sold in October 2018 in Champaign rose by $19,000 while total sales increased by 4.6%, according to BlockShopper.com.

In October 2018, there were 114 homes sold, with a median sale price of $141,000 - a 15.6% increase over the $122,000 median sale price for the same period of the previous year. There were 109 homes sold in Champaign in October 2017.

The median sales tax in Champaign for the most recent year with available data, 2017, was $3,362, approximately 2.4% of the median home sale price for October 2018.

The following table compares Champaign 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)
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%
Homer24-50%$88,500$38,500129.9%

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