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Tuesday, November 26, 2024

Gibson City home prices fall in the fourth quarter of 2018

Realestate4

The median sale price of a home sold in the fourth quarter of 2018 in Gibson City fell by $30,000 while total sales increased by 41.7%, according to BlockShopper.com.

From October through December of 2018, there were 17 homes sold, with a median sale price of $102,500 - a 22.6% decrease over the $132,500 median sale price for the same period of the previous year. There were 12 homes sold in Gibson City in the fourth quarter of 2017.

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 fourth quarter of 2018.

The following table compares Gibson City to other Ford County cities in the fourth quarter of 2018:

CityOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Gibson City171241.7%$102,500$132,500-22.6%
Paxton2028-28.6%$77,500$64,00021.1%
Sibley20-$60,000$0-
Piper City52150%$45,000$58,500-23.1%
Elliott41300%$39,745.50$40,000-0.6%
Roberts40-$37,000$0-
Melvin80-$27,500$0-

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