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Paxton home prices rise in the first quarter of 2018

Webp re 13

The median sale price of a home sold in the first quarter of 2018 in Paxton rose by $21,100 while total sales decreased by 57.9%, according to BlockShopper.com.

From January through March of 2018, there were eight homes sold, with a median sale price of $87,000 - a 32% increase over the $65,900 median sale price for the same period of the previous year. There were 19 homes sold in Paxton in the first quarter of 2017.

The median sales tax in Paxton for the most recent year with available data, 2016, was $2,035, approximately 2.3% of the median home sale price for the first quarter of 2018.

The following table compares Paxton to other Ford County cities in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Elliott10-$110,000$0-
Paxton819-57.9%$87,000$65,90032%
Melvin10-$59,000$0-
Gibson City990%$50,000$122,500-59.2%
Sibley21100%$47,250$72,500-34.8%
Roberts12-50%$38,700$25,75050.3%
Piper City17-85.7%$10,000$70,000-85.7%

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