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McLean County Times

Thursday, November 21, 2024

Falling home prices in Fairbury in February 2017

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The median sale price of a home sold in February 2017 in Fairbury fell by $7,250 while total sales increased by 50%, according to BlockShopper.com.

In February 2017, there were three homes sold, with a median sale price of $29,000 - a 20% decrease over the $36,250 median sale price for the same period of the previous year. There were two homes sold in Fairbury in February 2016.

The median sales tax in Fairbury for 2017 was $2,451. In 2016, the median sales tax was $2,416. This marks an increase of 1.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 8.5%.

The following table compares Fairbury to other Livingston County cities in February 2017:

CityFeb. 2017 Home SalesFeb. 2016 Home Sales% change (Total Home Sales)Feb. 2017 Median Sales PriceFeb. 2016 Median Sales Price% change (Median Sales Price)
Pontiac121020%$87,250$77,75012.2%
Dwight104150%$67,750$160,375-57.8%
Cullom10-$45,000$0-
Fairbury3250%$29,000$36,250-20%
Saunemin10-$10,000$0-
Flanagan02-100%$0$70,950-100%
Cornell01-100%$0$2,500-100%
Odell01-100%$0$40,000-100%
Chatsworth00-$0$0-
Streator00-$0$0-
Forrest01-100%$0$160,000-100%

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