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Saturday, November 23, 2024

Gibson City home prices fall in July 2019

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The median sale price of a home sold in July 2019 in Gibson City fell by $57,000 while total sales decreased by 61.5%, according to BlockShopper.com.

In July 2019, there were five homes sold, with a median sale price of $40,000 - a 58.8% decrease over the $97,000 median sale price for the same period of the previous year. There were 13 homes sold in Gibson City in July 2018.

The median sales tax in Gibson City for the most recent year with available data, 2016, was $2,102, approximately 5.3% of the median home sale price for July 2019.

The following table compares Gibson City to other Ford County cities 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)
Sibley10-$65,000$0-
Paxton911-18.2%$48,500$122,500-60.4%
Gibson City513-61.5%$40,000$97,000-58.8%
Melvin10-$37,500$0-
Piper City12-50%$14,000$75,000-81.3%
Roberts10-$5,000$0-
Elliott02-100%$0$101,000-100%

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