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McLean County Times

Monday, November 25, 2024

Gridley home prices fall in 2018

Realestate3

The median sale price of a home sold in 2018 in Gridley fell by $29,583 while total sales increased by 7.7%, according to BlockShopper.com.

From January through December of 2018, there were 28 homes sold, with a median sale price of $91,817 - a 24.4% decrease over the $121,400 median sale price for the previous year. There were 26 homes sold in Gridley in 2017.

The median sales tax in Gridley for the most recent year with available data, 2017, was $2,596, approximately 2.8% of the median home sale price for 2018.

The following table compares Gridley to other McLean County cities with similar median sales prices in 2018:

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Towanda161323.1%$123,500$136,500-9.5%
Anchor220%$122,500$69,25076.9%
McLean1114-21.4%$111,450$110,5000.9%
Colfax171513.3%$102,000$128,490-20.6%
Lexington3141-24.4%$100,000$126,500-20.9%
Gridley28267.7%$91,817$121,400-24.4%
Chenoa302425%$87,100$90,250-3.5%
Stanford910-10%$85,000$43,00097.7%
Saybrook880%$62,500$33,25088%
Bellflower880%$53,078.50$83,000-36.1%
Arrowsmith512-58.3%$47,500$92,450-48.6%

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