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McLean County Times

Friday, November 22, 2024

What happened to the median home price in Towanda during Q2?

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The median sale price of a home sold in the second quarter of 2022 in Towanda fell by $1,525 while total sales decreased by 33.3 percent, according to BlockShopper.com.

From April through June, there were four homes sold, with a median sale price of $160,000 - a 0.9 percent decrease from the $161,525 median sale price for the same period of the previous year. There were six homes sold in Towanda in the second quarter of 2021.

The median sales tax in Towanda for the most recent year with available data, 2018, was $3,378, approximately 2.1 percent of the median home sale price for the second quarter of 2022.

The following table compares Towanda to other McLean County cities with similar median sale prices in the second quarter of 2022:

CityApril - June 2022 Home SalesApril - June 2021 Home Sales% change (Total Home Sales)April - June 2022 Median Sales PriceApril - June 2021 Median Sales Price% change (Median Sales Price)
Normal178211-15.6$212,500$179,00018.7
Heyworth12771.4$191,500$218,000-12.2
Bloomington361460-21.5$189,500$180,0005.3
Danvers151050$172,000$114,00050.9
Lexington14137.7$170,600$128,50032.8
Towanda46-33.3$160,000$161,525-0.9
Gridley990$155,500$108,50043.3
Anchor23-33.3$141,000$29,500378
Stanford20-$140,500$0-
Bellflower4333.3$133,800$52,000157.3
McLean67-14.3$133,500$120,00011.3

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