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Wednesday, November 27, 2024

Danville home prices fall in 2018

Realestate1

The median sale price of a home sold in 2018 in Danville fell by $7,258 while total sales increased by 9.3%, according to BlockShopper.com.

From January through December of 2018, there were 472 homes sold, with a median sale price of $32,743 - a 18.1% decrease over the $40,000 median sale price for the previous year. There were 432 homes sold in Danville in 2017.

The median sales tax in Danville for the most recent year with available data, 2016, was $954, approximately 2.9% of the median home sale price for 2018.

The following table compares Danville to other Vermilion 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)
Belgium6450%$51,000$31,00064.5%
Henning24-50%$46,500$51,500-9.7%
Hoopeston1057736.4%$44,500$42,0006%
Rossville242114.3%$42,500$54,000-21.3%
Tilton3439-12.8%$42,000$40,0005%
Georgetown3461-44.3%$40,500$44,000-8%
Rankin411-63.6%$32,750$16,000104.7%
Danville4724329.3%$32,742.50$40,000-18.1%
Potomac11110%$32,000$35,000-8.6%
Sidell78-12.5%$29,000$61,000-52.5%
Olivet510-50%$15,000$50,500-70.3%

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