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Paxton home prices rise in the fourth quarter of 2019

Webp re 8

The median sale price of a home sold in the fourth quarter of 2019 in Paxton rose by $500 while total sales decreased by 15%, according to BlockShopper.com.

From October through December of 2019, there were 17 homes sold, with a median sale price of $78,000 - a 0.6% increase over the $77,500 median sale price for the same period of the previous year. There were 20 homes sold in Paxton in the fourth quarter of 2018.

The median sales tax in Paxton for the most recent year with available data, 2016, was $2,035, approximately 2.6% of the median home sale price for the fourth quarter of 2019.

The following table compares Paxton to other Ford County cities in the fourth quarter of 2019:

CityOct. - Dec. 2019 Home SalesOct. - Dec. 2018 Home Sales% change (Total Home Sales)Oct. - Dec. 2019 Median Sales PriceOct. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Gibson City1317-23.5%$140,000$102,50036.6%
Paxton1720-15%$78,000$77,5000.6%
Roberts14-75%$61,000$37,00064.9%
Melvin58-37.5%$45,000$27,50063.6%
Elliott04-100%$0$39,745.50-100%
Piper City05-100%$0$45,000-100%
Sibley02-100%$0$60,000-100%

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