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McLean County Times

Monday, November 25, 2024

Normal home prices fall in August 2018

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The median sale price of a home sold in August 2018 in Normal fell by $4,750 while total sales increased by 32.9%, according to BlockShopper.com.

In August 2018, there were 93 homes sold, with a median sale price of $156,000 - a 3% decrease over the $160,750 median sale price for the same period of the previous year. There were 70 homes sold in Normal in August 2017.

The median sales tax in Normal for the most recent year with available data, 2017, was $3,912, approximately 2.5% of the median home sale price for August 2018.

The following table compares Normal 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)
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-
Colfax13-66.7%$102,500$150,000-31.7%
Gridley440%$97,900$162,500-39.8%

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