From January through December of 2017, there were 196 homes sold, with a median sale price of $211,250 - a 11.2% increase over the $189,900 median sale price for the previous year. There were 249 homes sold in Savoy in 2016.
The median sales tax in Savoy for 2017 was $4,602. In 2016, the median sales tax was $4,077. This marks an increase of 12.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.
The following table compares Savoy 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) |
|---|---|---|---|---|---|---|
| Glover | 10 | 7 | 42.9% | $269,000 | $227,000 | 18.5% |
| Dewey | 18 | 15 | 20% | $216,500 | $140,000 | 54.6% |
| Mahomet | 304 | 313 | -2.9% | $215,000 | $208,500 | 3.1% |
| Savoy | 196 | 249 | -21.3% | $211,250 | $189,900 | 11.2% |
| Lake of the Woods | 36 | 37 | -2.7% | $188,750 | $176,000 | 7.2% |
| Seymour | 5 | 10 | -50% | $155,000 | $99,500 | 55.8% |
| St. Joseph | 110 | 113 | -2.7% | $154,500 | $155,000 | -0.3% |
| Pesotum | 13 | 14 | -7.1% | $143,000 | $110,000 | 30% |
| Champaign | 1,721 | 1,803 | -4.5% | $138,900 | $138,000 | 0.7% |
| Tolono | 76 | 83 | -8.4% | $136,000 | $144,900 | -6.1% |
| Bondville | 10 | 6 | 66.7% | $132,500 | $110,000 | 20.5% |
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