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McLean County Times

Monday, November 25, 2024

Chenoa home prices rise in the second half of 2018

Realestate3

The median sale price of a home sold in the second half of 2018 in Chenoa rose by $4,650 while total sales increased by 62.5%, according to BlockShopper.com.

From July through December of 2018, there were 13 homes sold, with a median sale price of $83,500 - a 5.9% increase over the $78,850 median sale price for the same period of the previous year. There were eight homes sold in Chenoa in the second half of 2017.

The median sales tax in Chenoa for the most recent year with available data, 2017, was $2,058, approximately 2.5% of the median home sale price for the second half of 2018.

The following table compares Chenoa 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)
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%
Saybrook35-40%$55,000$40,00037.5%
Bellflower35-40%$24,000$80,000-70%

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