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Sunday, May 11, 2025

Bismarck 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 Bismarck fell by $26,500 while total sales increased by 150%, according to BlockShopper.com.

From January through June of 2018, there were five homes sold, with a median sale price of $57,000 - a 31.7% decrease over the $83,500 median sale price for the same period of the previous year. There were two homes sold in Bismarck in the first half of 2017.

The median sales tax in Bismarck for the most recent year with available data, 2016, was $1,500, approximately 2.6% of the median home sale price for the first half of 2018.

The following table compares Bismarck to other Vermilion County cities with similar median sales prices 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)
Fairmount15-80%$87,000$20,000335%
Allerton3250%$76,000$65,50016%
Westville252025%$67,000$51,85029.2%
Rossville12120%$62,000$43,50042.5%
Georgetown1724-29.2%$58,000$26,500118.9%
Bismarck52150%$57,000$83,500-31.7%
Fithian6520%$56,775$67,000-15.3%
Potomac25-60%$54,250$57,000-4.8%
Henning12-50%$50,000$51,500-2.9%
Hoopeston583948.7%$47,500$40,00018.8%
Belgium41300%$44,250$3,0001375%

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