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McLean County Times

Monday, November 25, 2024

What happened to the median home price in Cullom during the second half of 2018?

Realestate5

The median sale price of a home sold in the second half of 2018 in Cullom rose by $3,000 while total sales increased by 133.3%, according to BlockShopper.com.

From July through December of 2018, there were seven homes sold, with a median sale price of $20,000 - a 17.6% increase over the $17,000 median sale price for the same period of the previous year. There were three homes sold in Cullom in the second half of 2017.

The median sales tax in Cullom for 2018 was $1,392. In 2017, the median sales tax was $1,345. This marks an increase of 3.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 7%.

The following table compares Cullom to other Livingston County cities 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)
Streator220%$165,000$38,750325.8%
Dwight423135.5%$119,000$115,0003.5%
Forrest990%$80,000$139,000-42.4%
Odell161323.1%$78,000$84,000-7.1%
Pontiac77718.5%$72,000$80,000-10%
Fairbury231827.8%$72,000$83,500-13.8%
Flanagan1017-41.2%$62,500$74,200-15.8%
Cornell6450%$60,750$61,500-1.2%
Chatsworth13-66.7%$42,000$15,000180%
Saunemin52150%$40,000$81,500-50.9%
Cullom73133.3%$20,000$17,00017.6%

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