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McLean County Times

Sunday, December 22, 2024

Stanford median home prices rose by 19.4% in the first half of 2022

Realestate2

The median sale price of a home sold in the first half of 2022 in Stanford rose by $20,000 while total sales decreased by 28.6 percent, according to BlockShopper.com.

From January through June, there were five homes sold, with a median sale price of $123,000 - a 19.4 percent increase over the $103,000 median sale price for the same period of the previous year. There were seven homes sold in Stanford in the first half of 2021.

The median sales tax in Stanford for the most recent year with available data, 2018, was $1,927, approximately 1.6 percent of the median home sale price for the first half of 2022.

The following table compares Stanford to other McLean County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Lexington2225-12$159,350$145,0009.9
Carlock63100$147,500$130,00013.5
Anchor24-50$141,000$32,250337.2
Le Roy39368.3$130,000$127,0002.4
Bellflower73133.3$129,500$52,000149
Stanford57-28.6$123,000$103,00019.4
McLean910-10$115,000$125,000-8
Gridley1214-14.3$114,500$109,7504.3
Colfax57-28.6$105,000$127,500-17.6
Chenoa1117-35.3$85,000$112,000-24.1
Saybrook660$67,500$60,70011.2

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