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McLean County Times

Monday, November 4, 2024

Gridley home prices rise in October 2017

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The median sale price of a home sold in October 2017 in Gridley rose by $24,613 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

In October 2017, there were two homes sold, with a median sale price of $125,750 - a 24.3% increase over the $101,138 median sale price for the same period of the previous year. There were two homes sold in Gridley in October 2016, as well.

The median sales tax in Gridley for 2017 was $2,596. In 2016, the median sales tax was $2,523. This marks an increase of 2.9%. 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 Gridley 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)
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%
Downs12-50%$87,000$197,000-55.8%
Le Roy34-25%$84,900$109,950-22.8%
Chenoa12-50%$70,000$80,000-12.5%

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