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Monday, November 25, 2024

Sherman home prices fall in August 2018

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The median sale price of a home sold in August 2018 in Sherman fell by $52,750 while total sales decreased by 25%, according to BlockShopper.com.

In August 2018, there were three homes sold, with a median sale price of $139,000 - a 27.5% decrease over the $191,750 median sale price for the same period of the previous year. There were four homes sold in Sherman in August 2017.

The median sales tax in Sherman for the most recent year with available data, 2017, was $3,746, approximately 2.7% of the median home sale price for August 2018.

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

CityAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Williamsville23-33.3%$161,500$169,300-4.6%
Chatham2631-16.1%$150,750$169,000-10.8%
Riverton660%$143,950$91,45057.4%
Pleasant Plains7540%$141,000$43,000227.9%
Dawson34-25%$139,900$146,450-4.5%
Sherman34-25%$139,000$191,750-27.5%
Spaulding23-33.3%$133,000$197,925-32.8%
Pawnee211-81.8%$111,200$98,00013.5%
New Berlin550%$107,000$135,000-20.7%
Buffalo12-50%$90,000$106,750-15.7%
Divernon23-33.3%$68,750$98,608-30.3%

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