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Saturday, April 27, 2024

Champaign home prices rise in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Champaign rose by $5,500 while total sales decreased by 20%, according to BlockShopper.com.

From April through June of 2020, there were eight homes sold, with a median sale price of $136,000 - a 4.2% increase over the $130,500 median sale price for the same period of the previous year. There were 10 homes sold in Champaign in the second quarter of 2019.

The median sales tax in Champaign for the most recent year with available data, 2019, was $3,614, approximately 2.7% of the median home sale price for the second quarter of 2020.

The following table compares Champaign to other Champaign County cities in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Savoy110%$323,000$345,000-6.4%
Tolono10-$217,500$0-
Urbana27-71.4%$208,950$179,90016.1%
Gifford10-$169,500$0-
Champaign810-20%$136,000$130,5004.2%
Rantoul10-$125,000$0-
Bondville10-$55,000$0-
St. Joseph00-$0$0-
Sadorus00-$0$0-
Mahomet05-100%$0$195,000-100%
Pesotum00-$0$0-
Ludlow00-$0$0-
Ivesdale00-$0$0-
Penfield00-$0$0-
Philo01-100%$0$130,000-100%
Fisher00-$0$0-
Glover00-$0$0-
Seymour00-$0$0-
Homer00-$0$0-
Thomasboro00-$0$0-
Lake of the Woods01-100%$0$203,000-100%
Royal00-$0$0-
Dewey00-$0$0-
Broadlands00-$0$0-
Sidney01-100%$0$110,000-100%
Foosland00-$0$0-
Ogden00-$0$0-

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