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Thursday, April 25, 2024

Sherman home prices fall in March 2018

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The median sale price of a home sold in March 2018 in Sherman fell by $27,000 while total sales decreased by 40%, according to BlockShopper.com.

In March 2018, there were three homes sold, with a median sale price of $155,000 - a 14.8% decrease over the $182,000 median sale price for the same period of the previous year. There were five homes sold in Sherman in March 2017.

The median sales tax in Sherman for the most recent year with available data, 2017, was $3,746, approximately 2.4% of the median home sale price for March 2018.

The following table compares Sherman to other Sangamon County cities with similar median sales prices in March 2018:

CityMar. 2018 Home SalesMar. 2017 Home Sales% change (Total Home Sales)Mar. 2018 Median Sales PriceMar. 2017 Median Sales Price% change (Median Sales Price)
Rochester330%$165,000$122,90034.3%
Loami110%$157,000$50,000214%
Sherman35-40%$155,000$182,000-14.8%
Chatham1420-30%$148,550$160,000-7.2%
New Berlin17-85.7%$122,000$145,000-15.9%
Spaulding12-50%$115,000$143,850-20.1%
Riverton42100%$113,925$80,95040.7%
Pawnee5366.7%$108,041$35,000208.7%
Auburn56-16.7%$107,900$86,25025.1%
Southern View4333.3%$72,881.47$68,0007.2%
Divernon21100%$51,450$160,000-67.8%

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