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Monday, September 30, 2024

Georgetown home prices fall in October 2018

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The median sale price of a home sold in October 2018 in Georgetown fell by $17,500 while total sales decreased by 72.7%, according to BlockShopper.com.

In October 2018, there were three homes sold, with a median sale price of $21,000 - a 45.5% decrease over the $38,500 median sale price for the same period of the previous year. There were 11 homes sold in Georgetown in October 2017.

The median sales tax in Georgetown for the most recent year with available data, 2016, was $987, approximately 4.7% of the median home sale price for October 2018.

The following table compares Georgetown 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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