Quantcast

McLean County Times

Thursday, October 23, 2025

McLean home prices rise in the first quarter of 2017

Re 4

The median sale price of a home sold in the first quarter of 2017 in McLean rose by $34,500 while total sales increased by 50%, according to BlockShopper.com.

From January through March of 2017, there were three homes sold, with a median sale price of $114,500 - a 43.1% increase over the $80,000 median sale price for the same period of the previous year. There were two homes sold in McLean in the first quarter of 2016.

The median sales tax in McLean for 2017 was $2,490.72. In 2016, the median sales tax was $2,406.80. This marks an increase of 3.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.

The following table compares McLean to other McLean County cities with similar median sales prices in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Downs440%$140,250$165,950-15.5%
Carlock30-$130,000$0-
Gridley93200%$126,000$80,00057.5%
Chenoa5425%$124,000$62,000100%
Lexington162700%$115,750$102,45013%
McLean3250%$114,500$80,00043.1%
Towanda36-50%$100,000$121,500-17.7%
Arrowsmith10-$94,900$0-
Heyworth770%$93,000$135,500-31.4%
Le Roy141040%$92,000$99,250-7.3%
Danvers6450%$90,250$48,21587.2%

MORE NEWS