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Thursday, May 8, 2025

Danville home prices fall in 2017

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The median sale price of a home sold in 2017 in Danville fell by $3,950 while total sales increased by 3.3%, according to BlockShopper.com.

From January through December of 2017, there were 432 homes sold, with a median sale price of $40,000 - a 9% decrease over the $43,950 median sale price for the previous year. There were 418 homes sold in Danville in 2016.

The median sales tax in Danville for the most recent year with available data, 2016, was $954, approximately 2.4% of the median home sale price for 2017.

The following table compares Danville 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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