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McLean County Times

Monday, November 25, 2024

Downs home prices fall in August 2018

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The median sale price of a home sold in August 2018 in Downs fell by $109,733 while total sales decreased by 60%, according to BlockShopper.com.

In August 2018, there were two homes sold, with a median sale price of $85,768 - a 56.1% decrease over the $195,500 median sale price for the same period of the previous year. There were five homes sold in Downs in August 2017.

The median sales tax in Downs for the most recent year with available data, 2017, was $4,198, approximately 4.9% of the median home sale price for August 2018.

The following table compares Downs 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)
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%
Downs25-60%$85,767.50$195,500-56.1%
Chenoa14-75%$69,000$95,500-27.7%
Anchor10-$65,000$0-
Saybrook20-$61,300$0-

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