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Monday, November 25, 2024

Gibson City home prices rise in March 2019

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The median sale price of a home sold in March 2019 in Gibson City rose by $51,000 while total sales decreased by 40%, according to BlockShopper.com.

In March 2019, there were three homes sold, with a median sale price of $90,000 - a 130.8% increase over the $39,000 median sale price for the same period of the previous year. There were five homes sold in Gibson City in March 2018.

The median sales tax in Gibson City for the most recent year with available data, 2016, was $2,102, approximately 2.3% of the median home sale price for March 2019.

The following table compares Gibson City to other Ford County cities in March 2019:

CityMar. 2019 Home SalesMar. 2018 Home Sales% change (Total Home Sales)Mar. 2019 Median Sales PriceMar. 2018 Median Sales Price% change (Median Sales Price)
Gibson City35-40%$90,000$39,000130.8%
Piper City110%$77,000$10,000670%
Paxton440%$65,000$101,000-35.6%
Elliott110%$60,000$110,000-45.5%
Sibley02-100%$0$47,250-100%
Melvin01-100%$0$59,000-100%
Roberts01-100%$0$38,700-100%

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