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Sunday, November 24, 2024

Gibson City home prices rise in June 2017

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The median sale price of a home sold in June 2017 in Gibson City rose by $30,000 while total sales decreased by 80%, according to BlockShopper.com.

In June 2017, there were three homes sold, with a median sale price of $140,000 - a 27.3% increase over the $110,000 median sale price for the same period of the previous year. There were 15 homes sold in Gibson City in June 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 June 2017.

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

CityJune 2017 Home SalesJune 2016 Home Sales% change (Total Home Sales)June 2017 Median Sales PriceJune 2016 Median Sales Price% change (Median Sales Price)
Gibson City315-80%$140,000$110,00027.3%
Paxton1215-20%$103,750$65,00059.6%
Piper City21100%$67,250$80,000-15.9%
Elliott110%$50,000$25,000100%
Sibley01-100%$0$25,000-100%
Melvin02-100%$0$32,000-100%
Roberts01-100%$0$15,500-100%

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