From January through December of 2017, there were 10 homes sold, with a median sale price of $26,500 - a 211.8% increase over the $8,500 median sale price for the previous year. There were six homes sold in Ludlow in 2016.
The median sales tax in Ludlow for 2017 was $1,124. In 2016, the median sales tax was $1,074. This marks an increase of 4.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.2%.
The following table compares Ludlow to other Champaign County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sadorus | 13 | 10 | 30% | $97,000 | $59,750 | 62.3% |
| Royal | 3 | 10 | -70% | $89,000 | $116,000 | -23.3% |
| Homer | 41 | 34 | 20.6% | $88,000 | $107,887.50 | -18.4% |
| Ogden | 19 | 30 | -36.7% | $85,000 | $97,750 | -13% |
| Ivesdale | 5 | 8 | -37.5% | $82,000 | $91,500 | -10.4% |
| Thomasboro | 35 | 27 | 29.6% | $71,500 | $79,900 | -10.5% |
| Rantoul | 241 | 223 | 8.1% | $63,900 | $56,900 | 12.3% |
| Broadlands | 11 | 4 | 175% | $60,000 | $134,000 | -55.2% |
| Ludlow | 10 | 6 | 66.7% | $26,500 | $8,500 | 211.8% |
| Penfield | 9 | 9 | 0% | $25,000 | $66,000 | -62.1% |
| Foosland | 6 | 2 | 200% | $21,500 | $139,950 | -84.6% |
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