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McLean County Times

Monday, November 25, 2024

August 2019: Home prices in Pontiac fell

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The median sale price of a home sold in August 2019 in Pontiac fell by $7,500 while total sales increased by 36.4%, according to BlockShopper.com.

In August 2019, there were 15 homes sold, with a median sale price of $73,000 - a 9.3% decrease over the $80,500 median sale price for the same period of the previous year. There were 11 homes sold in Pontiac in August 2018.

The median sales tax in Pontiac for 2019 was $2,084. In 2018, the median sales tax was $2,203. This marks an decrease of 5.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.

The following table compares Pontiac to other Livingston County cities in August 2019:

CityAug. 2019 Home SalesAug. 2018 Home Sales% change (Total Home Sales)Aug. 2019 Median Sales PriceAug. 2018 Median Sales Price% change (Median Sales Price)
Fairbury550%$145,000$85,00070.6%
Flanagan31200%$116,000$140,000-17.1%
Dwight89-11.1%$105,500$129,000-18.2%
Odell34-25%$93,000$85,0009.4%
Streator21100%$87,500$250,000-65%
Forrest10-$75,900$0-
Pontiac151136.4%$73,000$80,500-9.3%
Chatsworth110%$60,000$42,00042.9%
Cornell20-$54,000$0-
Saunemin01-100%$0$18,000-100%
Cullom01-100%$0$20,000-100%

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