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Wednesday, November 27, 2024

Georgetown home prices fall in 2018

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The median sale price of a home sold in 2018 in Georgetown fell by $3,500 while total sales decreased by 44.3%, according to BlockShopper.com.

From January through December of 2018, there were 34 homes sold, with a median sale price of $40,500 - a 8% decrease over the $44,000 median sale price for the previous year. There were 61 homes sold in Georgetown in 2017.

The median sales tax in Georgetown for the most recent year with available data, 2016, was $987, approximately 2.4% of the median home sale price for 2018.

The following table compares Georgetown 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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