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McLean County Times

Sunday, November 24, 2024

Towanda home prices fall in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Towanda fell by $99,900 while total sales decreased by 40%, according to BlockShopper.com.

From April through June of 2019, there were three homes sold, with a median sale price of $15,000 - a 86.9% decrease over the $114,900 median sale price for the same period of the previous year. There were five homes sold in Towanda in the second quarter of 2018.

The median sales tax in Towanda for the most recent year with available data, 2017, was $3,195, approximately 21.3% of the median home sale price for the second quarter of 2019.

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

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Danvers990%$125,000$124,9000.1%
Gridley9812.5%$115,000$80,00043.8%
Le Roy1328-53.6%$114,000$119,500-4.6%
Carlock31200%$110,000$131,000-16%
Arrowsmith40-$81,500$0-
Chenoa1015-33.3%$77,450$95,000-18.5%
Stanford3250%$76,000$116,250-34.6%
Saybrook330%$71,000$30,000136.7%
McLean12-50%$57,000$112,700-49.4%
Anchor10-$15,000$0-
Towanda35-40%$15,000$114,900-86.9%

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