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Thursday, November 21, 2024

Vermilion County home valuation prices fell in July compared to the same period in 2023

Realestate1

In July, the median sale price of a home in Vermilion County fell by $9,500 from the same period in the previous year, while total sales decreased by 97.8%, according to BlockShopper.com.

Data shows that there were two homes sold in July, with a median sale price of $62,500 - a 13.2% decrease from the $72,000 median sale price for the same period of the previous year. There were 91 homes sold in Vermilion County in July 2023.

For context, the median sales tax in Vermilion County, based on the latest available data from 2021, was $1,101, which stands at 1.8% of July's median home sale price.

The following histogram displays changes in median sales prices in Vermilion County from July 2023 to July 2024.

July 2023August 2023September 2023October 2023November 2023December 2023January 2024February 2024March 2024April 2024May 2024June 2024July 2024$72,000$72,000$88,500$88,500$71,000$71,000$81,000$81,000$68,000$68,000$77,000$77,000$65,000$65,000$88,575$88,575$141,250$141,250$0$0$75,000$75,000$0$0$62,500$62,500

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