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McLean County Times

Monday, November 25, 2024

Pontiac median home prices rose by 7.9% in December 2018

Realestate5

The median sale price of a home sold in December 2018 in Pontiac rose by $5,500 while total sales decreased by 30.8%, according to BlockShopper.com.

In December 2018, there were nine homes sold, with a median sale price of $75,500 - a 7.9% increase over the $70,000 median sale price for the same period of the previous year. There were 13 homes sold in Pontiac in December 2017.

The median sales tax in Pontiac for 2018 was $2,203. In 2017, the median sales tax was $2,186. This marks an increase of 0.8%. 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 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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