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Tuesday, August 5, 2025

Mahomet home prices fall in the first half of 2019

Re 5

The median sale price of a home sold in the first half of 2019 in Mahomet fell by $10,100 while total sales decreased by 70.9%, according to BlockShopper.com.

From January through June of 2019, there were 23 homes sold, with a median sale price of $239,900 - a 4% decrease over the $250,000 median sale price for the same period of the previous year. There were 79 homes sold in Mahomet in the first half of 2018.

The median sales tax in Mahomet for the most recent year with available data, 2017, was $4,391, approximately 1.8% of the median home sale price for the first half of 2019.

The following table compares Mahomet to other Champaign County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Savoy1163-82.5%$243,000$236,5002.7%
Mahomet2379-70.9%$239,900$250,000-4%
Homer115-93.3%$225,000$122,00084.4%
Pesotum17-85.7%$185,000$110,00068.2%
St. Joseph736-80.6%$168,900$165,0002.4%
Gifford17-85.7%$162,500$113,00043.8%
Lake of the Woods413-69.2%$150,431.50$190,000-20.8%
Philo68-25%$147,500$157,500-6.3%
Fisher215-86.7%$147,500$117,00026.1%
Champaign130598-78.3%$138,000$151,250-8.8%
Urbana71253-71.9%$133,500$140,000-4.6%

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