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Sunday, May 11, 2025

Ridge Farm home prices unchanged in the first half of 2018

Realestate1

The median sale price of a home sold in the first half of 2018 in Ridge Farm was unchanged while total sales decreased by 25%, according to BlockShopper.com.

From January through June of 2018, there were three homes sold, with a median sale price of $39,000. There were four homes sold in Ridge Farm in the first half of 2017, and the median sales price for the period was also $39,000.

The median sales tax in Ridge Farm for the most recent year with available data, 2016, was $1,126, approximately 2.9% of the median home sale price for the first half of 2018.

The following table compares Ridge Farm 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)
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%
Tilton251747.1%$40,000$29,50035.6%
Ridge Farm34-25%$39,000$39,0000%
Sidell23-33.3%$27,500$53,500-48.6%
Danville2152017%$27,000$39,900-32.3%
Oakwood25-60%$17,250$69,000-75%
Olivet36-50%$13,000$29,500-55.9%
Rankin12-50%$12,064$31,144.38-61.3%

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