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Saturday, August 2, 2025

Mahomet home prices fall in August 2018

Realestate3

The median sale price of a home sold in August 2018 in Mahomet fell by $39,080 while total sales decreased by 17.4%, according to BlockShopper.com.

In August 2018, there were 19 homes sold, with a median sale price of $215,320 - a 15.4% decrease over the $254,400 median sale price for the same period of the previous year. There were 23 homes sold in Mahomet in August 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 August 2018.

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

CityAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Savoy1319-31.6%$235,250$225,0004.6%
Mahomet1923-17.4%$215,320$254,400-15.4%
Lake of the Woods550%$199,900$173,50015.2%
Tolono712-41.7%$179,900$126,00042.8%
Royal10-$174,900$0-
Homer23-33.3%$172,500$35,000392.9%
St. Joseph111010%$165,000$167,125-1.3%
Champaign137201-31.8%$165,000$141,00017%
Ogden23-33.3%$137,450$154,000-10.7%
Philo41300%$135,750$50,000171.5%
Ivesdale110%$135,000$87,00055.2%

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