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McLean County Times

Sunday, November 24, 2024

McLean home prices fall in December 2017

Realestate3

The median sale price of a home sold in December 2017 in McLean fell by $57,950 while total sales increased by 50%, according to BlockShopper.com.

In December 2017, there were three homes sold, with a median sale price of $20,000 - a 74.3% decrease over the $77,950 median sale price for the same period of the previous year. There were two homes sold in McLean in December 2016.

The median sales tax in McLean for 2017 was $2,491. In 2016, the median sales tax was $2,407. This marks an increase of 3.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 12.5%.

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

CityDec. 2017 Home SalesDec. 2016 Home Sales% change (Total Home Sales)Dec. 2017 Median Sales PriceDec. 2016 Median Sales Price% change (Median Sales Price)
Bloomington7391-19.8%$165,350$161,5002.4%
Twin Grove12-50%$163,000$138,25017.9%
Normal2950-42%$150,000$140,3756.9%
Danvers12-50%$135,000$134,0000.7%
Le Roy550%$85,000$93,000-8.6%
Lexington220%$79,500$340,000-76.6%
Stanford30-$39,500$0-
Arrowsmith10-$38,000$0-
McLean3250%$20,000$77,950-74.3%
Gridley13-66.7%$18,000$82,000-78%
Saybrook110%$18,000$48,000-62.5%

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