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Monday, November 25, 2024

Hoopeston home prices fall in the first quarter of 2019

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The median sale price of a home sold in the first quarter of 2019 in Hoopeston fell by $34,943 while total sales decreased by 66.7%, according to BlockShopper.com.

From January through March of 2019, there were 10 homes sold, with a median sale price of $22,057 - a 61.3% decrease over the $57,000 median sale price for the same period of the previous year. There were 30 homes sold in Hoopeston in the first quarter of 2018.

The median sales tax in Hoopeston for the most recent year with available data, 2016, was $884, approximately 4% of the median home sale price for the first quarter of 2019.

The following table compares Hoopeston to other Vermilion County cities with similar median sales prices in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Georgetown26-66.7%$49,325$40,00023.3%
Westville212-83.3%$45,275.50$67,500-32.9%
Rossville15-80%$43,937$24,00083.1%
Ridge Farm220%$28,250.50$50,000-43.5%
Danville4182-50%$28,000$26,0007.7%
Oakwood10-$25,550$0-
Hoopeston1030-66.7%$22,056.82$57,000-61.3%
Sidell10-$16,181$0-
Potomac110%$15,000$76,500-80.4%
Bismarck10-$6,000$0-
Olivet10-$5,000$0-

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