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Monday, December 23, 2024

Champaign County home valuations prices fell in the second half of 2022

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The median sale price of a home sold in the second half of 2022 in Champaign County fell by $2,250 while total sales increased by 59.5%.

From July through December of 2022, there were 1,616 homes sold, with a median sale price of $167,750 - a 1.3% decrease from the $170,000 median sale price for the same period of the previous year. There were 1,013 homes sold in Champaign County in the second half of 2021.

The median sales tax in Champaign County for the most recent year with available data, 2021, was $3,543 approximately 2.1% of the median home sale price for the second half of 2022.

The following histogram displays changes in median sales prices in Champaign County from July 2021 to December 2022.

July - Dec. 2021Jan. - June 2022July - Dec. 2022$170000$170000$175000$175000$167750$167750

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