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Thursday, April 18, 2024

Loami home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Loami rose by $29,725 while total sales decreased by 60%, according to BlockShopper.com.

From January through March of 2018, there were two homes sold, with a median sale price of $79,725 - a 59.5% increase over the $50,000 median sale price for the same period of the previous year. There were five homes sold in Loami in the first quarter of 2017.

The median sales tax in Loami for the most recent year with available data, 2017, was $1,733.60, approximately 2.2% of the median home sale price for the first quarter of 2018.

The following table compares Loami to other Sangamon County cities with similar median sales prices in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Spaulding42100%$121,400$143,850-15.6%
Dawson52150%$119,000$36,304.50227.8%
Riverton15966.7%$114,500$74,00054.7%
Pawnee810-20%$111,520.50$56,45097.6%
Auburn1221-42.9%$101,200$113,401.26-10.8%
Loami25-60%$79,725$50,00059.5%
New Berlin311-72.7%$77,600$113,500-31.6%
Southern View7475%$72,881.47$61,70018.1%
Divernon42100%$69,750$126,750-45%
Illiopolis5366.7%$40,000$56,000-28.6%
Thayer3250%$32,000$54,077.50-40.8%

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