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Friday, April 19, 2024

Mahomet home prices rise in 2019

Realestate1

The median sale price of a home sold in 2019 in Mahomet rose by $12,400 while total sales decreased by 87%, according to BlockShopper.com.

From January through December of 2019, there were 27 homes sold, with a median sale price of $239,900 - a 5.5% increase over the $227,500 median sale price for the previous year. There were 207 homes sold in Mahomet in 2018.

The median sales tax in Mahomet for the most recent year with available data, 2018, was $4,604, approximately 1.9% of the median home sale price for 2019.

The following table compares Mahomet to other Champaign County cities with similar median sales prices in 2019:

CityJan. - Dec. 2019 Home SalesJan. - Dec. 2018 Home Sales% change (Total Home Sales)Jan. - Dec. 2019 Median Sales PriceJan. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Savoy12141-91.5%$250,250$238,0005.1%
Mahomet27207-87%$239,900$227,5005.5%
Homer131-96.8%$225,000$98,000129.6%
Pesotum113-92.3%$185,000$110,00068.2%
St. Joseph778-91%$168,900$165,0002.4%
Gifford315-80%$152,000$122,17524.4%
Lake of the Woods434-88.2%$150,431.50$189,250-20.5%
Philo623-73.9%$147,500$168,500-12.5%
Fisher234-94.1%$147,500$127,50015.7%
Urbana82561-85.4%$139,000$127,5009%
Champaign1551,288-88%$138,000$149,500-7.7%

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