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McLean County Times

Monday, December 23, 2024

Pontiac median home prices rose by 6% in July 2017

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The median sale price of a home sold in July 2017 in Pontiac rose by $4,500 while total sales increased by 7.7%, according to BlockShopper.com.

In July 2017, there were 14 homes sold, with a median sale price of $79,500 - a 6% increase over the $75,000 median sale price for the same period of the previous year. There were 13 homes sold in Pontiac in July 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 2.8%.

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

CityJuly 2017 Home SalesJuly 2016 Home Sales% change (Total Home Sales)July 2017 Median Sales PriceJuly 2016 Median Sales Price% change (Median Sales Price)
Saunemin110%$115,000$39,000194.9%
Forrest21100%$110,750$62,50077.2%
Fairbury4333.3%$99,750$235,000-57.6%
Flanagan3250%$94,000$59,75057.3%
Pontiac14137.7%$79,500$75,0006%
Dwight71600%$52,000$37,82537.5%
Odell13-66.7%$16,000$89,000-82%
Streator110%$16,000$1,600900%
Chatsworth110%$4,000$9,765-59%
Cornell00-$0$0-
Cullom00-$0$0-

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