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Sunday, November 24, 2024

Gibson City home prices rise in October 2017

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The median sale price of a home sold in October 2017 in Gibson City rose by $57,000 while total sales increased by 25%, according to BlockShopper.com.

In October 2017, there were five homes sold, with a median sale price of $125,000 - a 83.8% increase over the $68,000 median sale price for the same period of the previous year. There were four homes sold in Gibson City in October 2016.

The median sales tax in Gibson City for the most recent year with available data, 2016, was $2,102, approximately 1.7% of the median home sale price for October 2017.

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

CityOct. 2017 Home SalesOct. 2016 Home Sales% change (Total Home Sales)Oct. 2017 Median Sales PriceOct. 2016 Median Sales Price% change (Median Sales Price)
Gibson City5425%$125,000$68,00083.8%
Paxton9580%$49,000$78,000-37.2%
Piper City01-100%$0$30,000-100%
Sibley00-$0$0-
Melvin03-100%$0$25,000-100%
Roberts01-100%$0$15,500-100%
Elliott00-$0$0-

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