From July through December of 2018, there were 13 homes sold, with a median sale price of $20,000 - a 25.9% decrease over the $27,000 median sale price for the same period of the previous year. There were two homes sold in Melvin in the second half of 2017.
The median sales tax in Melvin for the most recent year with available data, 2016, was $923, approximately 4.6% of the median home sale price for the second half of 2018.
The following table compares Melvin to other Ford County cities in the second half of 2018:
| City | July - Dec. 2018 Home Sales | July - Dec. 2017 Home Sales | % change (Total Home Sales) | July - Dec. 2018 Median Sales Price | July - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Gibson City | 42 | 23 | 82.6% | $97,000 | $124,000 | -21.8% |
| Paxton | 53 | 59 | -10.2% | $78,000 | $65,000 | 20% |
| Piper City | 7 | 6 | 16.7% | $70,000 | $26,750 | 161.7% |
| Elliott | 7 | 2 | 250% | $65,100 | $31,094 | 109.4% |
| Sibley | 3 | 1 | 200% | $52,250 | $25,000 | 109% |
| Roberts | 7 | 2 | 250% | $40,000 | $378,250 | -89.4% |
| Melvin | 13 | 2 | 550% | $20,000 | $27,000 | -25.9% |
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