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McLean County Times

Sunday, November 24, 2024

December 2017: Home prices in Pontiac fell

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The median sale price of a home sold in December 2017 in Pontiac fell by $7,000 while total sales increased by 62.5%, according to BlockShopper.com.

In December 2017, there were 13 homes sold, with a median sale price of $70,000 - a 9.1% decrease over the $77,000 median sale price for the same period of the previous year. There were eight homes sold in Pontiac in December 2016.

The median sales tax in Pontiac for 2017 was $2,186. In 2016, the median sales tax was $2,194. This marks an decrease of 0.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.1%.

The following table compares Pontiac to other Livingston County cities in December 2017:

CityDec. 2017 Home SalesDec. 2016 Home Sales% change (Total Home Sales)Dec. 2017 Median Sales PriceDec. 2016 Median Sales Price% change (Median Sales Price)
Forrest40-$128,750$0-
Dwight7540%$124,400$111,00012.1%
Flanagan20-$122,250$0-
Odell40-$87,000$0-
Fairbury24-50%$77,500$78,000-0.6%
Pontiac13862.5%$70,000$77,000-9.1%
Saunemin00-$0$0-
Cornell00-$0$0-
Chatsworth02-100%$0$57,500-100%
Streator00-$0$0-
Cullom01-100%$0$80,900-100%

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