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Sunday, August 3, 2025

Mahomet median home prices fell by 5% in the third quarter of 2021

Webp re 12

The median sale price of a home sold in the third quarter of 2021 in Mahomet fell by $14,875 while total sales increased by 357.1%, according to BlockShopper.com.

From July through September of 2021, there were 32 homes sold, with a median sale price of $282,125 - a 5% decrease over the $297,000 median sale price for the same period of the previous year. There were seven homes sold in Mahomet in the third quarter of 2020.

The median sales tax in Mahomet for the most recent year with available data, 2019, was $4,766, approximately 1.7% of the median home sale price for the third quarter of 2021.

The following table compares Mahomet to other Champaign County cities with similar median sale prices in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Dewey10-$2,040,500$0-
Savoy257257.1%$300,000$289,9003.5%
Mahomet327357.1%$282,125$297,000-5%
Tolono90-$279,500$0-
Glover20-$262,500$0-
Lake of the Woods40-$259,700$0-
Gifford21100%$210,950$55,000283.5%
Homer21100%$185,400$46,000303%
Philo60-$182,250$0-
Pesotum110%$177,000$132,50033.6%
St. Joseph1311200%$176,000$169,0004.1%

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