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Sunday, September 29, 2024

Mahomet home prices rise in November 2018

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The median sale price of a home sold in November 2018 in Mahomet rose by $21,750 while total sales decreased by 35%, according to BlockShopper.com.

In November 2018, there were 13 homes sold, with a median sale price of $206,000 - a 11.8% increase over the $184,250 median sale price for the same period of the previous year. There were 20 homes sold in Mahomet in November 2017.

The median sales tax in Mahomet for the most recent year with available data, 2017, was $4,391, approximately 2.1% of the median home sale price for November 2018.

The following table compares Mahomet 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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