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McLean County Times

Friday, January 31, 2025

Gridley home prices fall in the second quarter of 2018

Realestate5

The median sale price of a home sold in the second quarter of 2018 in Gridley fell by $31,000 while total sales increased by 60%, according to BlockShopper.com.

From April through June of 2018, there were eight homes sold, with a median sale price of $80,000 - a 27.9% decrease over the $111,000 median sale price for the same period of the previous year. There were five homes sold in Gridley in the second quarter of 2017.

The median sales tax in Gridley for the most recent year with available data, 2017, was $2,596, approximately 3.2% of the median home sale price for the second quarter of 2018.

The following table compares Gridley to other McLean County cities with similar median sales prices in the second quarter of 2018:

CityApr. - June 2018 Home SalesApr. - June 2017 Home Sales% change (Total Home Sales)Apr. - June 2018 Median Sales PriceApr. - June 2017 Median Sales Price% change (Median Sales Price)
Danvers910-10%$124,900$135,450-7.8%
Le Roy2812133.3%$119,500$84,00042.3%
Stanford25-60%$116,250$53,000119.3%
Towanda5425%$114,900$133,450-13.9%
McLean21100%$112,700$113,000-0.3%
Colfax84100%$109,125$145,450-25%
Chenoa151136.4%$95,000$90,5005%
Lexington11110%$90,000$125,000-28%
Gridley8560%$80,000$111,000-27.9%
Bellflower3250%$71,541$108,500-34.1%
Saybrook3250%$30,000$26,49713.2%

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