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Thursday, November 7, 2024

Chatham home prices fall in May 2018

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The median sale price of a home sold in May 2018 in Chatham fell by $10,550 while total sales decreased by 31%, according to BlockShopper.com.

In May 2018, there were 20 homes sold, with a median sale price of $142,450 - a 6.9% decrease over the $153,000 median sale price for the same period of the previous year. There were 29 homes sold in Chatham in May 2017.

The median sales tax in Chatham for the most recent year with available data, 2017, was $3,020, approximately 2.1% of the median home sale price for May 2018.

The following table compares Chatham 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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