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Thursday, July 31, 2025

Dewey home prices rise in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Dewey rose by $32,500 while total sales remained unchanged with eight homes sold, according to BlockShopper.com.

From July through December of 2017, there were eight homes sold, with a median sale price of $199,000 - a 19.5% increase over the $166,500 median sale price for the same period of the previous year. There were eight homes sold in Dewey in the second half of 2016, as well.

The median sales tax in Dewey for 2017 was $4,014. In 2016, the median sales tax was $3,767. This marks an increase of 6.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

The following table compares Dewey to other Champaign County cities with similar median sales prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Glover4333.3%$291,500$262,50011%
Savoy83122-32%$236,000$197,11019.7%
Mahomet153158-3.2%$215,000$215,0000%
Dewey880%$199,000$166,50019.5%
Lake of the Woods1821-14.3%$187,500$170,00010.3%
St. Joseph666010%$155,250$154,0000.8%
Seymour48-50%$145,500$90,00061.7%
Pesotum10100%$145,250$112,50029.1%
Champaign867910-4.7%$141,000$142,000-0.7%
Tolono3647-23.4%$134,500$145,000-7.2%
Sidney1424-41.7%$132,250$110,00020.2%

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