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Sunday, November 24, 2024

Gibson City home prices rise in the first half of 2017

Realestate4

The median sale price of a home sold in the first half of 2017 in Gibson City rose by $35,263 while total sales decreased by 54.5%, according to BlockShopper.com.

From January through June of 2017, there were 20 homes sold, with a median sale price of $121,250 - a 41% increase over the $85,988 median sale price for the same period of the previous year. There were 44 homes sold in Gibson City in the first half of 2016.

The median sales tax in Gibson City for the most recent year with available data, 2016, was $2,102, approximately 1.7% of the median home sale price for the first half of 2017.

The following table compares Gibson City to other Ford County cities in the first half of 2017:

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Gibson City2044-54.5%$121,250$85,987.5041%
Melvin17-85.7%$112,000$40,000180%
Paxton38380%$82,000$54,40050.7%
Piper City105100%$55,750$10,000457.5%
Sibley31200%$48,000$25,00092%
Elliott25-60%$35,000$65,000-46.2%
Roberts84100%$28,500$12,750123.5%

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