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Saturday, September 28, 2024

How did home prices perform in Mahomet during April?

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The median sale price of a home sold in April in Mahomet rose by $83,200 while total sales decreased by 27.3 percent, according to BlockShopper.com.

In April, there were eight homes sold, with a median sale price of $321,200 - a 35 percent increase over the $238,000 median sale price for the same period of the previous year. There were 11 homes sold in Mahomet in April 2021.

The median sales tax in Mahomet for the most recent year with available data, 2019, was $4,766, approximately 1.5 percent of the median home sale price for April.

The following table compares Mahomet to other Champaign County cities with similar median sale prices in April:

CityApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
Mahomet811-27.3$321,200$238,00035
Tolono24-50$232,500$207,00012.3
Philo12-50$227,000$146,37555.1
St. Joseph220$217,000$235,275-7.8
Savoy69-33.3$216,500$215,0000.7
Champaign68663$208,000$161,50028.8
Urbana312619.2$145,000$135,0007.4
Thomasboro20-$131,250$0-
Rantoul67-14.3$130,000$70,00085.7
Homer110$108,000$139,900-22.8
Bondville10-$88,000$0-

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