From January through December of 2018, there were 17 homes sold, with a median sale price of $39,900 - a 13.3% decrease over the $46,000 median sale price for the previous year. There were three homes sold in Melvin in 2017.
The median sales tax in Melvin for the most recent year with available data, 2016, was $923, approximately 2.3% of the median home sale price for 2018.
The following table compares Melvin to other Ford County cities in 2018:
| City | Jan. - Dec. 2018 Home Sales | Jan. - Dec. 2017 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2018 Median Sales Price | Jan. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Gibson City | 74 | 43 | 72.1% | $90,000 | $122,500 | -26.5% |
| Paxton | 85 | 97 | -12.4% | $81,000 | $68,000 | 19.1% |
| Piper City | 13 | 16 | -18.8% | $80,000 | $33,000 | 142.4% |
| Elliott | 8 | 4 | 100% | $71,050 | $31,094 | 128.5% |
| Sibley | 9 | 4 | 125% | $45,000 | $36,500 | 23.3% |
| Melvin | 17 | 3 | 466.7% | $39,900 | $46,000 | -13.3% |
| Roberts | 9 | 10 | -10% | $38,700 | $28,500 | 35.8% |
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