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Saturday, November 23, 2024

Mahomet home prices rise in April 2018

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The median sale price of a home sold in April 2018 in Mahomet rose by $57,900 while total sales decreased by 72%, according to BlockShopper.com.

In April 2018, there were seven homes sold, with a median sale price of $252,900 - a 29.7% increase over the $195,000 median sale price for the same period of the previous year. There were 25 homes sold in Mahomet in April 2017.

The median sales tax in Mahomet for the most recent year with available data, 2017, was $4,391, approximately 1.7% of the median home sale price for April 2018.

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

CityApr. 2018 Home SalesApr. 2017 Home Sales% change (Total Home Sales)Apr. 2018 Median Sales PriceApr. 2017 Median Sales Price% change (Median Sales Price)
Mahomet725-72%$252,900$195,00029.7%
Savoy519-73.7%$240,500$215,00011.9%
Tolono35-40%$235,000$155,50051.1%
Sidney220%$216,000$124,50073.5%
Philo21100%$202,500$80,000153.1%
Gifford14-75%$195,000$93,750108%
Fisher15-80%$164,000$136,00020.6%
Urbana2569-63.8%$149,000$107,00039.3%
Ogden440%$127,000$100,50026.4%
St. Joseph5366.7%$126,000$115,0009.6%
Champaign57141-59.6%$125,000$137,400-9%

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