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Friday, April 26, 2024

Rantoul home prices fall in May 2018

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The median sale price of a home sold in May 2018 in Rantoul fell by $12,750 while total sales decreased by 68.8%, according to BlockShopper.com.

In May 2018, there were 10 homes sold, with a median sale price of $73,000 - a 14.9% decrease over the $85,750 median sale price for the same period of the previous year. There were 32 homes sold in Rantoul in May 2017.

The median sales tax in Rantoul for the most recent year with available data, 2017, was $1,786, approximately 2.4% of the median home sale price for May 2018.

The following table compares Rantoul 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)
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-
Pesotum10-$63,000$0-
Penfield10-$33,000$0-
Broadlands110%$20,000$60,000-66.7%

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