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Tuesday, April 7, 2020

Rantoul home prices fall in the second quarter of 2018

Real Estate

By Local Labs News Service | Jul 7, 2018

Re 12

The median sale price of a home sold in the second quarter of 2018 in Rantoul fell by $2,050 while total sales decreased by 49.3%, according to BlockShopper.com.

From April through June of 2018, there were 34 homes sold, with a median sale price of $67,950 - a 2.9% decrease over the $70,000 median sale price for the same period of the previous year. There were 67 homes sold in Rantoul in the second quarter of 2017.

The median sales tax in Rantoul for the most recent year with available data, 2017, was $1,786, approximately 2.6% of the median home sale price for the second quarter of 2018.

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

City
Apr. - June 2018 Home Sales
Apr. - June 2017 Home Sales
% change (Total Home Sales)
Apr. - June 2018 Median Sales Price
Apr. - June 2017 Median Sales Price
% change (Median Sales Price)
Gifford
7
15
-53.3%
$113,000
$103,000
9.7%
Thomasboro
4
13
-69.2%
$105,500
$71,000
48.6%
Royal
3
1
200%
$92,500
$89,000
3.9%
Ivesdale
1
2
-50%
$89,000
$14,250
524.6%
Penfield
2
0
-
$76,250
$0
-
Sadorus
1
4
-75%
$68,000
$52,750
28.9%
Rantoul
34
67
-49.3%
$67,950
$70,000
-2.9%
Bondville
1
6
-83.3%
$65,000
$140,000
-53.6%
Foosland
1
1
0%
$60,000
$18,000
233.3%
Ludlow
1
0
-
$50,000
$0
-
Broadlands
2
2
0%
$15,000
$123,750
-87.9%

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The Office of Champaign County Recorder of Deeds

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