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Saturday, November 23, 2024

Danville home prices fall in July 2019

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The median sale price of a home sold in July 2019 in Danville fell by $20,000 while total sales decreased by 42.6%, according to BlockShopper.com.

In July 2019, there were 27 homes sold, with a median sale price of $31,000 - a 39.2% decrease over the $51,000 median sale price for the same period of the previous year. There were 47 homes sold in Danville in July 2018.

The median sales tax in Danville for the most recent year with available data, 2018, was $912, approximately 2.9% of the median home sale price for July 2019.

The following table compares Danville to other Vermilion County cities with similar median sales prices in July 2019:

CityJuly 2019 Home SalesJuly 2018 Home Sales% change (Total Home Sales)July 2019 Median Sales PriceJuly 2018 Median Sales Price% change (Median Sales Price)
Potomac12-50%$89,500$32,790172.9%
Hoopeston45-20%$79,000$82,500-4.2%
Ridge Farm10-$77,000$0-
Bismarck10-$70,000$0-
Westville35-40%$65,000$37,50073.3%
Fairmount10-$59,000$0-
Sidell110%$53,680$56,000-4.1%
Olivet10-$53,000$0-
Georgetown3250%$34,000$28,50019.3%
Danville2747-42.6%$31,000$51,000-39.2%
Tilton10-$20,000$0-

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