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Sunday, June 22, 2025

Cerro Gordo home prices fall in the first half of 2018

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The median sale price of a home sold in the first half of 2018 in Cerro Gordo fell by $26,700 while total sales increased by 30%, according to BlockShopper.com.

From January through June of 2018, there were 13 homes sold, with a median sale price of $61,250 - a 30.4% decrease over the $87,950 median sale price for the same period of the previous year. There were 10 homes sold in Cerro Gordo in the first half of 2017.

The median sales tax in Cerro Gordo for the most recent year with available data, 2017, was $1,683, approximately 2.7% of the median home sale price for the first half of 2018.

The following table compares Cerro Gordo to other Piatt County cities in the first half of 2018:

CityJan. - June 2018 Home SalesJan. - June 2017 Home Sales% change (Total Home Sales)Jan. - June 2018 Median Sales PriceJan. - June 2017 Median Sales Price% change (Median Sales Price)
Monticello75715.6%$139,000$144,900-4.1%
Hammond105100%$86,000$16,000437.5%
White Heath220%$80,750$85,750-5.8%
Mansfield93200%$68,500$120,000-42.9%
De Land57-28.6%$66,000$70,000-5.7%
Cisco220%$62,250$47,00032.4%
Cerro Gordo131030%$61,250$87,950-30.4%
Bement15150%$48,900$70,000-30.1%
Atwood83166.7%$48,500$33,00047%
LaPlace42100%$25,959.50$85,000-69.5%

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