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McLean County Times

Sunday, November 24, 2024

January 2017: Home prices in Pontiac increased

Realestate3

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The median sale price of a home sold in January 2017 in Pontiac rose by $21,500 while total sales decreased by 60%, according to BlockShopper.com.

In January 2017, there were four homes sold, with a median sale price of $92,750 - a 30.2% increase over the $71,250 median sale price for the same period of the previous year. There were 10 homes sold in Pontiac in January 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 2.4%.

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

CityJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Pontiac410-60%$92,750$71,25030.2%
Fairbury220%$82,500$130,650-36.9%
Flanagan12-50%$75,000$58,00029.3%
Odell110%$37,600$40,000-6%
Forrest110%$35,000$87,000-59.8%
Chatsworth10-$6,200$0-
Streator00-$0$0-
Dwight04-100%$0$77,654.50-100%
Cullom01-100%$0$83,000-100%
Saunemin00-$0$0-
Cornell02-100%$0$37,500-100%

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