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Tuesday, November 26, 2024

Gibson City home prices fall 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 Gibson City fell by $27,000 while total sales increased by 82.6%, according to BlockShopper.com.

From July through December of 2018, there were 42 homes sold, with a median sale price of $97,000 - a 21.8% decrease over the $124,000 median sale price for the same period of the previous year. There were 23 homes sold in Gibson City in the second half of 2017.

The median sales tax in Gibson City for the most recent year with available data, 2016, was $2,102, approximately 2.2% of the median home sale price for the second half of 2018.

The following table compares Gibson 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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