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Thursday, November 7, 2024

Sherman home prices rise in May 2018

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The median sale price of a home sold in May 2018 in Sherman rose by $27,000 while total sales increased by 100%, according to BlockShopper.com.

In May 2018, there were 12 homes sold, with a median sale price of $163,500 - a 19.8% increase over the $136,500 median sale price for the same period of the previous year. There were six homes sold in Sherman in May 2017.

The median sales tax in Sherman for the most recent year with available data, 2017, was $3,746, approximately 2.3% of the median home sale price for May 2018.

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

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Sherman126100%$163,500$136,50019.8%
Rochester810-20%$161,000$153,8004.7%
Chatham2029-31%$142,450$153,000-6.9%
Riverton36-50%$127,000$110,00015.5%
Pleasant Plains3250%$125,900$112,25012.2%
Auburn1017-41.2%$124,000$116,9006.1%
Illiopolis14-75%$122,500$48,000155.2%
New Berlin49-55.6%$117,250$135,000-13.1%
Williamsville31200%$114,000$235,000-51.5%
Buffalo21100%$112,314.50$184,000-39%
Mechanicsburg20-$110,500$0-

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