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McLean County Times

Tuesday, November 26, 2024

The first half of 2017: Home prices in Forrest increased

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The median sale price of a home sold in the first half of 2017 in Forrest rose by $18,000 while total sales decreased by 22.2%, according to BlockShopper.com.

From January through June of 2017, there were seven homes sold, with a median sale price of $105,000 - a 20.7% increase over the $87,000 median sale price for the same period of the previous year. There were nine homes sold in Forrest in the first half of 2016.

The median sales tax in Forrest for 2017 was $2,110. In 2016, the median sales tax was $2,077. This marks an increase of 1.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

The following table compares Forrest to other Livingston County cities in the first half of 2017:

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Forrest79-22.2%$105,000$87,00020.7%
Dwight322910.3%$88,750$88,0000.9%
Pontiac75750%$87,500$74,50017.4%
Cullom62200%$79,950$51,50055.2%
Cornell28-75%$77,250$56,53636.6%
Fairbury1421-33.3%$64,000$90,000-28.9%
Flanagan16160%$51,400.50$52,450-2%
Odell157114.3%$37,600$109,000-65.5%
Chatsworth61500%$35,000$60,000-41.7%
Saunemin42100%$12,464.50$46,250-73%
Streator00-$0$0-

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