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Monday, September 30, 2024

Danville home prices fall in October 2018

Realestate2

The median sale price of a home sold in October 2018 in Danville fell by $5,500 while total sales increased by 31.4%, according to BlockShopper.com.

In October 2018, there were 46 homes sold, with a median sale price of $40,500 - a 12% decrease over the $46,000 median sale price for the same period of the previous year. There were 35 homes sold in Danville in October 2017.

The median sales tax in Danville for the most recent year with available data, 2016, was $954, approximately 2.4% of the median home sale price for October 2018.

The following table compares Danville to other Vermilion 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)
Westville34-25%$80,000$73,2509.2%
Allerton10-$68,000$0-
Tilton34-25%$62,000$30,250105%
Belgium12-50%$56,500$47,00020.2%
Henning10-$43,000$0-
Danville463531.4%$40,500$46,000-12%
Ridge Farm21100%$37,500$15,000150%
Hoopeston10666.7%$27,940$42,000-33.5%
Rossville21100%$23,850$134,000-82.2%
Georgetown311-72.7%$21,000$38,500-45.5%
Olivet10-$20,000$0-

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