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Monday, September 30, 2024

Rantoul home prices fall in October 2018

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The median sale price of a home sold in October 2018 in Rantoul fell by $25,300 while total sales decreased by 20%, according to BlockShopper.com.

In October 2018, there were 16 homes sold, with a median sale price of $64,450 - a 28.2% decrease over the $89,750 median sale price for the same period of the previous year. There were 20 homes sold in Rantoul in October 2017.

The median sales tax in Rantoul for the most recent year with available data, 2017, was $1,786, approximately 2.8% of the median home sale price for October 2018.

The following table compares Rantoul 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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