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McLean County Times

Monday, November 25, 2024

Lexington home prices fall in August 2018

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The median sale price of a home sold in August 2018 in Lexington fell by $94,500 while total sales increased by 75%, according to BlockShopper.com.

In August 2018, there were seven homes sold, with a median sale price of $163,000 - a 36.7% decrease over the $257,500 median sale price for the same period of the previous year. There were four homes sold in Lexington in August 2017.

The median sales tax in Lexington for the most recent year with available data, 2017, was $3,698, approximately 2.3% of the median home sale price for August 2018.

The following table compares Lexington to other McLean County cities with similar median sales prices in August 2018:

CityAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Twin Grove220%$270,750$256,2505.7%
Danvers27-71.4%$243,950$234,0004.3%
Hudson24-50%$169,750$188,700-10%
Carlock110%$166,000$100,00066%
Lexington7475%$163,000$257,500-36.7%
Le Roy17-85.7%$159,500$80,00099.4%
Bloomington15413414.9%$157,250$154,5001.8%
Normal937032.9%$156,000$160,750-3%
Towanda21100%$115,500$329,000-64.9%
Heyworth660%$112,000$152,200-26.4%
Arrowsmith10-$110,000$0-

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