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Tuesday, November 26, 2024

Philo home prices rise in 2018

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The median sale price of a home sold in 2018 in Philo rose by $40,000 while total sales decreased by 25.8%, according to BlockShopper.com.

From January through December of 2018, there were 23 homes sold, with a median sale price of $168,500 - a 31.1% increase over the $128,500 median sale price for the previous year. There were 31 homes sold in Philo in 2017.

The median sales tax in Philo for the most recent year with available data, 2017, was $2,941, approximately 1.7% of the median home sale price for 2018.

The following table compares Philo to other Champaign County cities with similar median sales prices in 2018:

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Glover410-60%$267,450$269,000-0.6%
Savoy141196-28.1%$238,000$211,25012.7%
Mahomet207304-31.9%$227,500$215,0005.8%
Lake of the Woods3436-5.6%$189,250$188,7500.3%
Philo2331-25.8%$168,500$128,50031.1%
St. Joseph78110-29.1%$165,000$154,5006.8%
Dewey518-72.2%$164,900$216,500-23.8%
Champaign1,2881,721-25.2%$149,500$138,9007.6%
Sidney1731-45.2%$142,500$127,50011.8%
Tolono6176-19.7%$138,000$136,0001.5%
Urbana561751-25.3%$127,500$116,0009.9%

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