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Monday, September 30, 2024

Homer home prices rise in October 2018

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The median sale price of a home sold in October 2018 in Homer rose by $50,000 while total sales decreased by 50%, according to BlockShopper.com.

In October 2018, there were two homes sold, with a median sale price of $88,500 - a 129.9% increase over the $38,500 median sale price for the same period of the previous year. There were four homes sold in Homer in October 2017.

The median sales tax in Homer for the most recent year with available data, 2017, was $2,041, approximately 2.3% of the median home sale price for October 2018.

The following table compares Homer 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)
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%
Penfield14-75%$50,000$20,250146.9%
Sadorus12-50%$17,500$187,750-90.7%

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