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Thursday, April 18, 2024

Champaign home prices rise in the second quarter of 2018

Realestate077

The median sale price of a home sold in the second quarter of 2018 in Champaign rose by $9,900 while total sales decreased by 33.7%, according to BlockShopper.com.

From April through June of 2018, there were 366 homes sold, with a median sale price of $149,900 - a 7.1% increase over the $140,000 median sale price for the same period of the previous year. There were 552 homes sold in Champaign in the second quarter of 2017.

The median sales tax in Champaign for the most recent year with available data, 2017, was $3,362, approximately 2.2% of the median home sale price for the second quarter of 2018.

The following table compares Champaign to other Champaign County cities with similar median sales prices in the second quarter of 2018:

CityApr. - June 2018 Home SalesApr. - June 2017 Home Sales% change (Total Home Sales)Apr. - June 2018 Median Sales PriceApr. - June 2017 Median Sales Price% change (Median Sales Price)
Lake of the Woods713-46.2%$190,000$190,0000%
Sidney410-60%$186,450$136,25036.8%
Philo38-62.5%$165,000$106,00055.7%
St. Joseph272317.4%$164,000$148,50010.4%
Dewey25-60%$153,950$261,000-41%
Champaign366552-33.7%$149,900$140,0007.1%
Urbana156241-35.3%$148,250$115,00028.9%
Fisher1020-50%$132,500$125,5005.6%
Homer914-35.7%$131,500$85,00054.7%
Ogden47-42.9%$127,000$130,000-2.3%
Pesotum41300%$114,500$125,800-9%

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