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Monday, September 30, 2024

Tolono home prices fall in October 2018

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The median sale price of a home sold in October 2018 in Tolono fell by $69,250 while total sales decreased by 16.7%, according to BlockShopper.com.

In October 2018, there were five homes sold, with a median sale price of $102,000 - a 40.4% decrease over the $171,250 median sale price for the same period of the previous year. There were six homes sold in Tolono in October 2017.

The median sales tax in Tolono for the most recent year with available data, 2017, was $2,854, approximately 2.8% of the median home sale price for October 2018.

The following table compares Tolono 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)
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%
Ogden20-$71,000$0-
Rantoul1620-20%$64,450$89,750-28.2%
Lake of the Woods23-33.3%$57,500$177,500-67.6%

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