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McLean County Times

Saturday, May 18, 2024

Normal home prices fall in September 2017

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The median sale price of a home sold in September 2017 in Normal fell by $4,600 while total sales decreased by 20.3%, according to BlockShopper.com.

In September 2017, there were 55 homes sold, with a median sale price of $157,000 - a 2.8% decrease over the $161,600 median sale price for the same period of the previous year. There were 69 homes sold in Normal in September 2016.

The median sales tax in Normal for 2017 was $3,912. In 2016, the median sales tax was $3,872. This marks an increase of 1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.

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

CitySept. 2017 Home SalesSept. 2016 Home Sales% change (Total Home Sales)Sept. 2017 Median Sales PriceSept. 2016 Median Sales Price% change (Median Sales Price)
Twin Grove23-33.3%$179,000$127,00040.9%
Bloomington103123-16.3%$176,500$152,00016.1%
Hudson52150%$167,500$146,50014.3%
Danvers13-66.7%$162,500$167,500-3%
Arrowsmith13-66.7%$160,000$119,00034.5%
Normal5569-20.3%$157,000$161,600-2.8%
Colfax110%$128,490$49,900157.5%
Towanda23-33.3%$128,250$210,100-39%
Downs40-$120,000$0-
Heyworth51400%$115,000$116,000-0.9%
Le Roy8633.3%$115,000$80,50042.9%

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