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Tuesday, November 26, 2024

Rantoul 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 Rantoul rose by $4,500 while total sales decreased by 18.5%, according to BlockShopper.com.

From July through December of 2018, there were 97 homes sold, with a median sale price of $68,500 - a 7% increase over the $64,000 median sale price for the same period of the previous year. There were 119 homes sold in Rantoul in the second half of 2017.

The median sales tax in Rantoul for the most recent year with available data, 2017, was $1,786, approximately 2.6% of the median home sale price for the second half of 2018.

The following table compares Rantoul 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)
Sidney814-42.9%$120,350$132,250-9%
Thomasboro515-66.7%$97,000$105,000-7.6%
Ivesdale31200%$87,000$87,0000%
Ogden69-33.3%$83,500$85,000-1.8%
Foosland34-25%$69,000$18,500273%
Rantoul97119-18.5%$68,500$64,0007%
Homer1623-30.4%$58,000$90,000-35.6%
Broadlands37-57.1%$54,100$40,00035.3%
Penfield28-75%$41,500$27,626.5050.2%
Sadorus17-85.7%$17,500$131,500-86.7%
Ludlow45-20%$11,500$25,000-54%

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