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Thursday, April 18, 2024

Mahomet home prices rise in December 2018

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The median sale price of a home sold in December 2018 in Mahomet rose by $63,500 while total sales decreased by 8.7%, according to BlockShopper.com.

In December 2018, there were 21 homes sold, with a median sale price of $222,000 - a 40.1% increase over the $158,500 median sale price for the same period of the previous year. There were 23 homes sold in Mahomet in December 2017.

The median sales tax in Mahomet for the most recent year with available data, 2017, was $4,391, approximately 2% of the median home sale price for December 2018.

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

CityDec. 2018 Home SalesDec. 2017 Home Sales% change (Total Home Sales)Dec. 2018 Median Sales PriceDec. 2017 Median Sales Price% change (Median Sales Price)
Mahomet2123-8.7%$222,000$158,50040.1%
Savoy103233.3%$219,500$248,000-11.5%
Dewey10-$212,500$0-
Sidney21100%$195,750$112,00074.8%
Philo34-25%$185,000$82,250124.9%
Fisher34-25%$165,000$77,500112.9%
Champaign8793-6.5%$148,500$140,0006.1%
Pesotum110%$143,000$47,000204.3%
St. Joseph517-70.6%$120,000$152,500-21.3%
Tolono72250%$116,500$134,250-13.2%
Lake of the Woods110%$115,000$255,000-54.9%

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