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McLean County Times

Monday, November 25, 2024

Chenoa home prices fall in the first quarter of 2019

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The median sale price of a home sold in the first quarter of 2019 in Chenoa fell by $801,946 while total sales increased by 150%, according to BlockShopper.com.

From January through March of 2019, there were five homes sold, with a median sale price of $65,000 - a 92.5% decrease over the $866,946 median sale price for the same period of the previous year. There were two homes sold in Chenoa in the first quarter of 2018.

The median sales tax in Chenoa for the most recent year with available data, 2017, was $2,058, approximately 3.2% of the median home sale price for the first quarter of 2019.

The following table compares Chenoa to other McLean County cities with similar median sales prices in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Lexington9812.5%$128,500$82,50055.8%
Le Roy68-25%$115,000$158,750-27.6%
Bellflower220%$99,305$59,80866%
Carlock15-80%$89,000$126,500-29.6%
Anchor21100%$84,000$180,000-53.3%
McLean62200%$80,250$75,1656.8%
Chenoa52150%$65,000$866,946-92.5%
Colfax21100%$64,650$81,500-20.7%
Saybrook110%$62,500$85,000-26.5%
Stanford21100%$60,000$85,000-29.4%
Arrowsmith110%$17,120$10,00071.2%

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