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McLean County Times

Monday, November 25, 2024

Gridley home prices fall 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 Gridley fell by $32,150 while total sales increased by 25%, according to BlockShopper.com.

From July through December of 2018, there were 15 homes sold, with a median sale price of $95,750 - a 25.1% decrease over the $127,900 median sale price for the same period of the previous year. There were 12 homes sold in Gridley in the second half of 2017.

The median sales tax in Gridley for the most recent year with available data, 2017, was $2,596, approximately 2.7% of the median home sale price for the second half of 2018.

The following table compares Gridley 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)
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%
Anchor110%$65,000$83,500-22.2%

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