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Wednesday, November 27, 2024

Piper City home prices rise in the second half of 2018

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The median sale price of a home sold in the second half of 2018 in Piper City rose by $43,250 while total sales increased by 16.7%, according to BlockShopper.com.

From July through December of 2018, there were seven homes sold, with a median sale price of $70,000 - a 161.7% increase over the $26,750 median sale price for the same period of the previous year. There were six homes sold in Piper City in the second half of 2017.

The median sales tax in Piper City for the most recent year with available data, 2016, was $1,268, approximately 1.8% of the median home sale price for the second half of 2018.

The following table compares Piper City to other Ford County cities in the second half of 2018:

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
Gibson City422382.6%$97,000$124,000-21.8%
Paxton5359-10.2%$78,000$65,00020%
Piper City7616.7%$70,000$26,750161.7%
Elliott72250%$65,100$31,094109.4%
Sibley31200%$52,250$25,000109%
Roberts72250%$40,000$378,250-89.4%
Melvin132550%$20,000$27,000-25.9%

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