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Tuesday, November 26, 2024

Bement home prices rise in the second half of 2018

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The median sale price of a home sold in the second half of 2018 in Bement rose by $34,300 while total sales decreased by 20%, according to BlockShopper.com.

From July through December of 2018, there were 16 homes sold, with a median sale price of $90,500 - a 61% increase over the $56,200 median sale price for the same period of the previous year. There were 20 homes sold in Bement in the second half of 2017.

The median sales tax in Bement for the most recent year with available data, 2017, was $1,817, approximately 2% of the median home sale price for the second half of 2018.

The following table compares Bement to other Piatt County cities in the second half of 2018:

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
Monticello6286-27.9%$159,500$158,7500.5%
Mansfield516-68.8%$115,000$121,450-5.3%
White Heath42100%$114,250$96,00019%
Cisco25-60%$109,000$45,000142.2%
Bement1620-20%$90,500$56,20061%
Cerro Gordo1216-25%$78,950$71,00011.2%
Hammond330%$71,750$26,000176%
Atwood12119.1%$54,700$68,000-19.6%
De Land6520%$42,500$67,000-36.6%
LaPlace15-80%$9,900$55,900-82.3%

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