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McLean County Times

Monday, November 25, 2024

McLean home prices rise in the second half of 2018

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The median sale price of a home sold in the second half of 2018 in McLean rose by $14,250 while total sales decreased by 30%, according to BlockShopper.com.

From July through December of 2018, there were seven homes sold, with a median sale price of $112,000 - a 14.6% increase over the $97,750 median sale price for the same period of the previous year. There were 10 homes sold in McLean in the second half of 2017.

The median sales tax in McLean for the most recent year with available data, 2017, was $2,491, approximately 2.2% of the median home sale price for the second half of 2018.

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

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
Lexington1214-14.3%$140,000$182,500-23.3%
Downs1112-8.3%$138,900$172,750-19.6%
Danvers917-47.1%$120,000$149,000-19.5%
Le Roy3033-9.1%$119,750$106,00013%
Carlock4333.3%$118,000$100,00018%
McLean710-30%$112,000$97,75014.6%
Gridley151225%$95,750$127,900-25.1%
Colfax770%$90,000$128,490-30%
Chenoa13862.5%$83,500$78,8505.9%
Stanford6520%$81,250$39,500105.7%
Arrowsmith4333.3%$78,750$90,000-12.5%

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