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Saturday, November 23, 2024

Gibson City home prices rise in November 2017

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The median sale price of a home sold in November 2017 in Gibson City rose by $88,000 while total sales increased by 66.7%, according to BlockShopper.com.

In November 2017, there were five homes sold, with a median sale price of $140,000 - a 169.2% increase over the $52,000 median sale price for the same period of the previous year. There were three homes sold in Gibson City in November 2016.

The median sales tax in Gibson City for the most recent year with available data, 2016, was $2,102, approximately 1.5% of the median home sale price for November 2017.

The following table compares Gibson City to other Ford County cities in November 2017:

CityNov. 2017 Home SalesNov. 2016 Home Sales% change (Total Home Sales)Nov. 2017 Median Sales PriceNov. 2016 Median Sales Price% change (Median Sales Price)
Gibson City5366.7%$140,000$52,000169.2%
Paxton990%$75,000$107,000-29.9%
Elliott10-$40,000$0-
Piper City12-50%$4,500$29,000-84.5%
Sibley01-100%$0$36,301-100%
Melvin00-$0$0-
Roberts00-$0$0-

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