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Sunday, November 24, 2024

Gibson City home prices fall in July 2017

Realestate4

The median sale price of a home sold in July 2017 in Gibson City fell by $25,000 while total sales remained unchanged with five homes sold, according to BlockShopper.com.

In July 2017, there were five homes sold, with a median sale price of $155,000 - a 13.9% decrease over the $180,000 median sale price for the same period of the previous year. There were five homes sold in Gibson City in July 2016, as well.

The median sales tax in Gibson City for the most recent year with available data, 2016, was $2,102, approximately 1.4% of the median home sale price for July 2017.

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

CityJuly 2017 Home SalesJuly 2016 Home Sales% change (Total Home Sales)July 2017 Median Sales PriceJuly 2016 Median Sales Price% change (Median Sales Price)
Gibson City550%$155,000$180,000-13.9%
Paxton550%$60,000$67,000-10.4%
Melvin20-$27,000$0-
Piper City12-50%$10,500$69,000-84.8%
Sibley01-100%$0$109,000-100%
Roberts00-$0$0-
Elliott00-$0$0-

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