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Paxton home prices fall in February 2018

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The median sale price of a home sold in February 2018 in Paxton fell by $44,000 while total sales decreased by 57.1%, according to BlockShopper.com.

In February 2018, there were three homes sold, with a median sale price of $42,000 - a 51.2% decrease over the $86,000 median sale price for the same period of the previous year. There were seven homes sold in Paxton in February 2017.

The median sales tax in Paxton for the most recent year with available data, 2016, was $2,035, approximately 4.8% of the median home sale price for February 2018.

The following table compares Paxton to other Ford County cities in February 2018:

CityFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
Gibson City41300%$67,500$120,000-43.8%
Paxton37-57.1%$42,000$86,000-51.2%
Piper City01-100%$0$82,500-100%
Sibley00-$0$0-
Melvin00-$0$0-
Roberts00-$0$0-
Elliott00-$0$0-

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