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Monday, September 23, 2024

Sibley home prices fall in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Sibley fell by $8,000 while total sales decreased by 16.7%, according to BlockShopper.com.

From January through June of 2019, there were five homes sold, with a median sale price of $26,000 - a 23.5% decrease over the $34,000 median sale price for the same period of the previous year. There were six homes sold in Sibley in the first half of 2018.

The median sales tax in Sibley for the most recent year with available data, 2016, was $1,026, approximately 3.9% of the median home sale price for the first half of 2019.

The following table compares Sibley to other Ford County cities in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Gibson City2532-21.9%$101,000$82,50022.4%
Elliott51400%$95,000$110,000-13.6%
Paxton393221.9%$76,000$94,000-19.1%
Melvin34-25%$56,000$55,5000.9%
Roberts42100%$39,700$30,60029.7%
Sibley56-16.7%$26,000$34,000-23.5%
Piper City660%$25,950$84,250-69.2%

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