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Thursday, December 26, 2024

Paxton home prices fall in the third quarter of 2017

Realestate1

The median sale price of a home sold in the third quarter of 2017 in Paxton fell by $16,900 while total sales increased by 82.4%, according to BlockShopper.com.

From July through September of 2017, there were 31 homes sold, with a median sale price of $65,000 - a 20.6% decrease over the $81,900 median sale price for the same period of the previous year. There were 17 homes sold in Paxton in the third quarter of 2016.

The median sales tax in Paxton for the most recent year with available data, 2016, was $2,035, approximately 3.1% of the median home sale price for the third quarter of 2017.

The following table compares Paxton to other Ford County cities in the third quarter of 2017:

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Roberts21100%$378,250$30,0001160.8%
Gibson City1115-26.7%$108,000$133,000-18.8%
Paxton311782.4%$65,000$81,900-20.6%
Melvin20-$27,000$0-
Piper City47-42.9%$26,750$38,000-29.6%
Sibley110%$25,000$109,000-77.1%
Elliott10-$22,188$0-

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