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McLean County Times

Sunday, November 24, 2024

Gridley home prices fall in the first quarter of 2018

Realestate077

The median sale price of a home sold in the first quarter of 2018 in Gridley fell by $59,000 while total sales decreased by 66.7%, according to BlockShopper.com.

From January through March of 2018, there were three homes sold, with a median sale price of $67,000 - a 46.8% decrease over the $126,000 median sale price for the same period of the previous year. There were nine homes sold in Gridley in the first quarter of 2017.

The median sales tax in Gridley for the most recent year with available data, 2017, was $2,596.30, approximately 3.9% of the median home sale price for the first quarter of 2018.

The following table compares Gridley to other McLean County cities with similar median sales prices in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Carlock5366.7%$126,500$130,000-2.7%
Towanda330%$115,000$100,00015%
Heyworth67-14.3%$113,000$93,00021.5%
Stanford10-$85,000$0-
Saybrook110%$85,000$65,00030.8%
Lexington816-50%$82,500$115,750-28.7%
Colfax14-75%$81,500$63,25028.9%
McLean23-33.3%$75,165$114,500-34.4%
Gridley39-66.7%$67,000$126,000-46.8%
Bellflower21100%$59,808$35,00070.9%
Arrowsmith110%$10,000$94,900-89.5%

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