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McLean County Times

Saturday, November 23, 2024

Downs home prices rise in August 2017

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The median sale price of a home sold in August 2017 in Downs rose by $55,850 while total sales increased by 150%, according to BlockShopper.com.

In August 2017, there were five homes sold, with a median sale price of $195,500 - a 40% increase over the $139,650 median sale price for the same period of the previous year. There were two homes sold in Downs in August 2016.

The median sales tax in Downs for 2017 was $4,198. In 2016, the median sales tax was $4,138. This marks an increase of 1.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.

The following table compares Downs to other McLean County cities with similar median sales prices in August 2017:

CityAug. 2017 Home SalesAug. 2016 Home Sales% change (Total Home Sales)Aug. 2017 Median Sales PriceAug. 2016 Median Sales Price% change (Median Sales Price)
Towanda10-$329,000$0-
Lexington440%$257,500$161,45059.5%
Twin Grove25-60%$256,250$285,500-10.2%
Danvers7475%$234,000$122,00091.8%
Downs52150%$195,500$139,65040%
Hudson4333.3%$188,700$129,00046.3%
Gridley41300%$162,500$135,00020.4%
Normal7080-12.5%$160,750$158,6841.3%
Bloomington1341266.3%$154,500$155,000-0.3%
Heyworth69-33.3%$152,200$128,00018.9%
Colfax31200%$150,000$15,000900%

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