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McLean County Times

Friday, November 1, 2024

Home prices decreased in Pontiac during November 2018

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The median sale price of a home sold in November 2018 in Pontiac fell by $31,200 while total sales decreased by 27.3%, according to BlockShopper.com.

In November 2018, there were eight homes sold, with a median sale price of $76,800 - a 28.9% decrease over the $108,000 median sale price for the same period of the previous year. There were 11 homes sold in Pontiac in November 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 November 2018:

CityNov. 2018 Home SalesNov. 2017 Home Sales% change (Total Home Sales)Nov. 2018 Median Sales PriceNov. 2017 Median Sales Price% change (Median Sales Price)
Fairbury42100%$80,250$51,00057.4%
Forrest110%$80,000$195,000-59%
Pontiac811-27.3%$76,800$108,000-28.9%
Flanagan34-25%$70,000$81,825-14.5%
Odell220%$58,000$57,0001.8%
Dwight36-50%$54,000$142,500-62.1%
Cornell10-$48,000$0-
Saunemin10-$40,000$0-
Chatsworth00-$0$0-
Streator00-$0$0-
Cullom00-$0$0-

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