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Friday, July 4, 2025

Paxton home prices fall in the second half of 2017

Webp re 7

The median sale price of a home sold in the second half of 2017 in Paxton fell by $18,700 while total sales increased by 73.5%, according to BlockShopper.com.

From July through December of 2017, there were 59 homes sold, with a median sale price of $65,000 - a 22.3% decrease over the $83,700 median sale price for the same period of the previous year. There were 34 homes sold in Paxton in the second half of 2016.

The median sales tax in Paxton for the most recent year with available data, 2016, was $2,035, approximately 3.1% of the median home sale price for the second half of 2017.

The following table compares Paxton to other Ford County cities in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Roberts26-66.7%$378,250$26,0001354.8%
Gibson City2326-11.5%$124,000$106,25016.7%
Paxton593473.5%$65,000$83,700-22.3%
Elliott20-$31,094$0-
Melvin23-33.3%$27,000$25,0008%
Piper City612-50%$26,750$34,000-21.3%
Sibley13-66.7%$25,000$48,000-47.9%

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