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Tuesday, April 23, 2024

Champaign home prices fall in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Champaign fell by $13,250 while total sales decreased by 78.3%, according to BlockShopper.com.

From January through June of 2019, there were 130 homes sold, with a median sale price of $138,000 - a 8.8% decrease over the $151,250 median sale price for the same period of the previous year. There were 598 homes sold in Champaign in the first half of 2018.

The median sales tax in Champaign for the most recent year with available data, 2017, was $3,362, approximately 2.4% of the median home sale price for the first half of 2019.

The following table compares Champaign 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)
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%
Tolono627-77.8%$129,125$168,900-23.5%
Sidney19-88.9%$110,000$175,000-37.1%
Ivesdale31200%$85,000$89,000-4.5%
Rantoul1263-81%$59,075$73,500-19.6%

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