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Friday, November 22, 2024

What happened to the median home price in Rantoul during April?

Realestate4

The median sale price of a home sold in April in Rantoul rose by $60,000 while total sales decreased by 14.3 percent, according to BlockShopper.com.

In April, there were six homes sold, with a median sale price of $130,000 - an 85.7 percent increase over the $70,000 median sale price for the same period of the previous year. There were seven homes sold in Rantoul in April 2021.

The median sales tax in Rantoul for the most recent year with available data, 2019, was $1,693, approximately 1.3 percent of the median home sale price for April.

The following table compares Rantoul 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)
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-
Dewey110$32,500$600,000-94.6

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