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Monday, September 23, 2024

Gibson City home prices rise in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Gibson City rose by $8,500 while total sales decreased by 21.7%, according to BlockShopper.com.

From April through June of 2019, there were 18 homes sold, with a median sale price of $100,500 - a 9.2% increase over the $92,000 median sale price for the same period of the previous year. There were 23 homes sold in Gibson City in the second quarter of 2018.

The median sales tax in Gibson City for the most recent year with available data, 2016, was $2,102, approximately 2.1% of the median home sale price for the second quarter of 2019.

The following table compares Gibson City to other Ford County cities in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Gibson City1823-21.7%$100,500$92,0009.2%
Paxton26248.3%$79,500$94,000-15.4%
Elliott20-$71,000$0-
Roberts21100%$68,450$22,500204.2%
Melvin23-33.3%$42,805.50$52,000-17.7%
Sibley440%$31,250$34,000-8.1%
Piper City550%$12,000$85,000-85.9%

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