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McLean County Times

Monday, December 23, 2024

Bloomington home prices rise in November 2017

Realestate5

The median sale price of a home sold in November 2017 in Bloomington rose by $28,000 while total sales increased by 13%, according to BlockShopper.com.

In November 2017, there were 87 homes sold, with a median sale price of $160,000 - a 21.2% increase over the $132,000 median sale price for the same period of the previous year. There were 77 homes sold in Bloomington in November 2016.

The median sales tax in Bloomington for 2017 was $3,769. In 2016, the median sales tax was $3,784. This marks an decrease of 0.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.

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

CityNov. 2017 Home SalesNov. 2016 Home Sales% change (Total Home Sales)Nov. 2017 Median Sales PriceNov. 2016 Median Sales Price% change (Median Sales Price)
Downs220%$1,320,000$91,2501346.6%
Lexington110%$210,000$136,00054.4%
Heyworth63100%$183,000$170,0007.6%
Gridley10-$163,500$0-
Bloomington877713%$160,000$132,00021.2%
Hudson4333.3%$157,500$130,00021.2%
Normal51502%$152,500$157,500-3.2%
Towanda21100%$152,375$165,000-7.7%
Le Roy78-12.5%$128,500$108,50018.4%
McLean12-50%$87,500$103,250-15.3%
Danvers21100%$78,500$95,000-17.4%

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