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Saturday, April 20, 2024

Homer home prices rise in May 2018

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The median sale price of a home sold in May 2018 in Homer rose by $46,500 while total sales decreased by 40%, according to BlockShopper.com.

In May 2018, there were three homes sold, with a median sale price of $131,500 - a 54.7% increase over the $85,000 median sale price for the same period of the previous year. There were five homes sold in Homer in May 2017.

The median sales tax in Homer for the most recent year with available data, 2017, was $2,041, approximately 1.6% of the median home sale price for May 2018.

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

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Dewey110%$164,900$261,000-36.8%
Thomasboro17-85.7%$149,500$71,000110.6%
Urbana4283-49.4%$147,750$124,00019.2%
Champaign125183-31.7%$144,000$134,9006.7%
Gifford24-50%$138,200$108,00028%
Homer35-40%$131,500$85,00054.7%
Fisher7616.7%$120,000$141,125-15%
Royal110%$92,500$89,0003.9%
Ivesdale10-$89,000$0-
Rantoul1032-68.8%$73,000$85,750-14.9%
Sadorus10-$68,000$0-

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