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Tuesday, November 26, 2024

Savoy home prices fall in the fourth quarter of 2018

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The median sale price of a home sold in the fourth quarter of 2018 in Savoy fell by $35,000 while total sales increased by 29.6%, according to BlockShopper.com.

From October through December of 2018, there were 35 homes sold, with a median sale price of $235,000 - a 13% decrease over the $270,000 median sale price for the same period of the previous year. There were 27 homes sold in Savoy in the fourth quarter of 2017.

The median sales tax in Savoy for the most recent year with available data, 2017, was $4,602, approximately 2% of the median home sale price for the fourth quarter of 2018.

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

CityOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Savoy352729.6%$235,000$270,000-13%
Mahomet5367-20.9%$220,500$180,00022.5%
Glover110%$220,000$191,00015.2%
Dewey110%$212,500$49,000333.7%
Philo8633.3%$182,500$82,250121.9%
Bondville110%$175,000$161,0008.7%
St. Joseph2034-41.2%$161,500$153,0005.6%
Fisher10100%$152,150$106,15043.3%
Pesotum13-66.7%$143,000$130,00010%
Royal31200%$138,100$107,25028.8%
Champaign289306-5.6%$135,000$129,5004.2%

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