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Tuesday, November 26, 2024

Mahomet home prices rise in the second half of 2018

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The median sale price of a home sold in the second half of 2018 in Mahomet rose by $8,900 while total sales decreased by 16.3%, according to BlockShopper.com.

From July through December of 2018, there were 128 homes sold, with a median sale price of $223,900 - a 4.1% increase over the $215,000 median sale price for the same period of the previous year. There were 153 homes sold in Mahomet in the second half of 2017.

The median sales tax in Mahomet for the most recent year with available data, 2017, was $4,391, approximately 2% of the median home sale price for the second half of 2018.

The following table compares Mahomet to other Champaign County cities with similar median sales prices in the second half of 2018:

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
Savoy7883-6%$246,500$236,0004.4%
Dewey28-75%$228,750$199,00014.9%
Mahomet128153-16.3%$223,900$215,0004.1%
Glover14-75%$220,000$291,500-24.5%
Lake of the Woods211816.7%$187,200$187,500-0.2%
Philo1516-6.3%$175,750$126,75038.7%
Bondville13-66.7%$175,000$52,000236.5%
St. Joseph4266-36.4%$164,500$155,2506%
Champaign690867-20.4%$147,450$141,0004.6%
Royal41300%$146,300$107,25036.4%
Fisher1927-29.6%$140,000$128,5008.9%

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