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McLean County Times

Monday, November 25, 2024

Falling home prices in Forrest in December 2018

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The median sale price of a home sold in December 2018 in Forrest fell by $73,750 while total sales decreased by 25%, according to BlockShopper.com.

In December 2018, there were three homes sold, with a median sale price of $55,000 - a 57.3% decrease over the $128,750 median sale price for the same period of the previous year. There were four homes sold in Forrest in December 2017.

The median sales tax in Forrest for 2018 was $2,230. In 2017, the median sales tax was $2,110. This marks an increase of 5.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.1%.

The following table compares Forrest to other Livingston County cities in December 2018:

CityDec. 2018 Home SalesDec. 2017 Home Sales% change (Total Home Sales)Dec. 2018 Median Sales PriceDec. 2017 Median Sales Price% change (Median Sales Price)
Odell24-50%$116,332$87,00033.7%
Dwight770%$108,000$124,400-13.2%
Fairbury3250%$78,000$77,5000.6%
Pontiac913-30.8%$75,500$70,0007.9%
Cornell30-$73,500$0-
Forrest34-25%$55,000$128,750-57.3%
Flanagan12-50%$28,750$122,250-76.5%
Saunemin00-$0$0-
Chatsworth00-$0$0-
Streator00-$0$0-
Cullom00-$0$0-

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