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Chambana Sun

Tuesday, November 26, 2024

Gibson City home prices fall in 2018

Realestate077

The median sale price of a home sold in 2018 in Gibson City fell by $32,500 while total sales increased by 72.1%, according to BlockShopper.com.

From January through December of 2018, there were 74 homes sold, with a median sale price of $90,000 - a 26.5% decrease over the $122,500 median sale price for the previous year. There were 43 homes sold in Gibson City in 2017.

The median sales tax in Gibson City for the most recent year with available data, 2016, was $2,102, approximately 2.3% of the median home sale price for 2018.

The following table compares Gibson City to other Ford County cities in 2018:

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Gibson City744372.1%$90,000$122,500-26.5%
Paxton8597-12.4%$81,000$68,00019.1%
Piper City1316-18.8%$80,000$33,000142.4%
Elliott84100%$71,050$31,094128.5%
Sibley94125%$45,000$36,50023.3%
Melvin173466.7%$39,900$46,000-13.3%
Roberts910-10%$38,700$28,50035.8%

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