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McLean County Times

Monday, November 25, 2024

Falling home prices in Fairbury in the first quarter of 2019

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The median sale price of a home sold in the first quarter of 2019 in Fairbury fell by $9,000 while total sales increased by 75%, according to BlockShopper.com.

From January through March of 2019, there were seven homes sold, with a median sale price of $117,500 - a 7.1% decrease over the $126,500 median sale price for the same period of the previous year. There were four homes sold in Fairbury in the first quarter of 2018.

The median sales tax in Fairbury for 2019 was $2,242. In 2018, the median sales tax was $2,421. This marks an decrease of 7.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.

The following table compares Fairbury to other Livingston County cities in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Dwight11922.2%$149,900$117,50027.6%
Cullom3250%$131,900$45,750188.3%
Flanagan42100%$126,750$111,50013.7%
Fairbury7475%$117,500$126,500-7.1%
Odell550%$115,500$60,00092.5%
Pontiac1836-50%$78,500$84,250-6.8%
Chatsworth220%$62,500$53,50016.8%
Saunemin10-$55,000$0-
Forrest40-$52,100$0-
Streator20-$41,500$0-
Cornell01-100%$0$70,500-100%

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