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McLean County Times

Monday, November 25, 2024

McLean home prices fall in the fourth quarter of 2018

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The median sale price of a home sold in the fourth quarter of 2018 in McLean fell by $20,000 while total sales decreased by 75%, according to BlockShopper.com.

From October through December of 2018, there were two homes sold, with a median sale price of $96,500 - a 17.2% decrease over the $116,500 median sale price for the same period of the previous year. There were eight homes sold in McLean in the fourth quarter of 2017.

The median sales tax in McLean for the most recent year with available data, 2017, was $2,491, approximately 2.6% of the median home sale price for the fourth quarter of 2018.

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

CityOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Hudson13944.4%$133,000$144,000-7.6%
Le Roy1115-26.7%$116,250$101,00015.1%
Towanda4333.3%$114,000$140,000-18.6%
Arrowsmith21100%$106,150$38,000179.3%
Gridley6450%$103,875$122,500-15.2%
McLean28-75%$96,500$116,500-17.2%
Lexington35-40%$91,500$112,000-18.3%
Chenoa5425%$82,000$72,00013.9%
Stanford24-50%$81,250$29,750173.1%
Colfax42100%$56,412.50$101,234.50-44.3%
Bellflower14-75%$18,000$70,000-74.3%

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