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Sunday, November 24, 2024

Gibson City home prices rise in the second quarter of 2017

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The median sale price of a home sold in the second quarter of 2017 in Gibson City rose by $10,500 while total sales decreased by 57.7%, according to BlockShopper.com.

From April through June of 2017, there were 11 homes sold, with a median sale price of $120,000 - a 9.6% increase over the $109,500 median sale price for the same period of the previous year. There were 26 homes sold in Gibson City in the second quarter of 2016.

The median sales tax in Gibson City for the most recent year with available data, 2016, was $2,102, approximately 1.8% of the median home sale price for the second quarter of 2017.

The following table compares Gibson City to other Ford County cities in the second quarter of 2017:

CityApr. - June 2017 Home SalesApr. - June 2016 Home Sales% change (Total Home Sales)Apr. - June 2017 Median Sales PriceApr. - June 2016 Median Sales Price% change (Median Sales Price)
Gibson City1126-57.7%$120,000$109,5009.6%
Melvin15-80%$112,000$26,000330.8%
Paxton1924-20.8%$92,500$57,95059.6%
Piper City330%$41,500$10,000315%
Sibley21100%$35,050$25,00040.2%
Elliott24-50%$35,000$57,000-38.6%
Roberts62200%$28,500$27,7502.7%

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