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McLean County Times

Thursday, April 25, 2024

McLean home prices rise in October 2017

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The median sale price of a home sold in October 2017 in McLean rose by $17,500 while total sales increased by 100%, according to BlockShopper.com.

In October 2017, there were four homes sold, with a median sale price of $140,500 - a 14.2% increase over the $123,000 median sale price for the same period of the previous year. There were two homes sold in McLean in October 2016.

The median sales tax in McLean for 2017 was $2,491. In 2016, the median sales tax was $2,407. 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 1.8%.

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

CityOct. 2017 Home SalesOct. 2016 Home Sales% change (Total Home Sales)Oct. 2017 Median Sales PriceOct. 2016 Median Sales Price% change (Median Sales Price)
Twin Grove31200%$172,500$160,5007.5%
Danvers34-25%$165,000$147,50011.9%
Bloomington87826.1%$154,000$148,2503.9%
Normal60575.3%$150,000$160,000-6.3%
Colfax12-50%$141,500$22,500528.9%
McLean42100%$140,500$123,00014.2%
Towanda110%$133,500$237,000-43.7%
Hudson47-42.9%$131,000$152,500-14.1%
Gridley220%$125,750$101,137.5024.3%
Heyworth330%$115,000$170,000-32.4%
Lexington220%$100,000$134,750-25.8%

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