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Sunday, September 29, 2024

Savoy home prices fall in November 2018

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The median sale price of a home sold in November 2018 in Savoy fell by $48,970 while total sales increased by 10%, according to BlockShopper.com.

In November 2018, there were 11 homes sold, with a median sale price of $235,000 - a 17.2% decrease over the $283,970 median sale price for the same period of the previous year. There were 10 homes sold in Savoy in November 2017.

The median sales tax in Savoy for the most recent year with available data, 2017, was $4,602, approximately 2% of the median home sale price for November 2018.

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

CityNov. 2018 Home SalesNov. 2017 Home Sales% change (Total Home Sales)Nov. 2018 Median Sales PriceNov. 2017 Median Sales Price% change (Median Sales Price)
Thomasboro220%$451,450$116,250288.3%
Ogden110%$390,000$10,5003614.3%
Savoy111010%$235,000$283,970-17.2%
Glover10-$220,000$0-
Mahomet1320-35%$206,000$184,25011.8%
St. Joseph58-37.5%$182,000$148,25022.8%
Philo30-$175,750$0-
Bondville10-$175,000$0-
Fisher23-33.3%$162,500$115,00041.3%
Lake of the Woods21100%$144,100$26,000454.2%
Tolono6520%$137,250$105,00030.7%

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