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Thursday, April 18, 2024

Georgetown home prices fall in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Georgetown fell by $11,625 while total sales decreased by 45.5%, according to BlockShopper.com.

From April through June of 2019, there were six homes sold, with a median sale price of $48,375 - a 19.4% decrease over the $60,000 median sale price for the same period of the previous year. There were 11 homes sold in Georgetown in the second quarter of 2018.

The median sales tax in Georgetown for the most recent year with available data, 2016, was $987, approximately 2% of the median home sale price for the second quarter of 2019.

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

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Tilton118-94.4%$175,000$42,000316.7%
Westville313-76.9%$94,000$67,00040.3%
Rossville47-42.9%$81,000$75,0008%
Olivet13-66.7%$67,000$13,000415.4%
Fairmount110%$49,000$87,000-43.7%
Georgetown611-45.5%$48,375$60,000-19.4%
Ridge Farm31200%$45,000$39,00015.4%
Danville79133-40.6%$42,000$27,33353.7%
Hoopeston628-78.6%$40,500$42,250-4.1%
Oakwood3250%$17,000$17,250-1.4%
Belgium13-66.7%$5,000$45,500-89%

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