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Wednesday, May 7, 2025

Potomac home prices fall in 2017

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The median sale price of a home sold in 2017 in Potomac fell by $12,000 while total sales increased by 22.2%, according to BlockShopper.com.

From January through December of 2017, there were 11 homes sold, with a median sale price of $35,000 - a 25.5% decrease over the $47,000 median sale price for the previous year. There were nine homes sold in Potomac in 2016.

The median sales tax in Potomac for the most recent year with available data, 2016, was $1,202, approximately 3.4% of the median home sale price for 2017.

The following table compares Potomac to other Vermilion County cities with similar median sales prices in 2017:

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Henning45-20%$51,500$25,000106%
Olivet10825%$50,500$32,00057.8%
Georgetown614438.6%$44,000$41,5505.9%
Hoopeston77744.1%$42,000$42,750-1.8%
Tilton3944-11.4%$40,000$50,000-20%
Danville4324183.3%$40,000$43,950-9%
Potomac11922.2%$35,000$47,000-25.5%
Belgium41300%$31,000$25,00024%
Ridge Farm1013-23.1%$22,500$28,000-19.6%
Fairmount9650%$20,000$46,000-56.5%
Rankin114175%$16,000$17,250-7.2%

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