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Sangamon Sun

Tuesday, November 26, 2024

Sherman home prices fall in the fourth quarter of 2018

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The median sale price of a home sold in the fourth quarter of 2018 in Sherman fell by $14,050 while total sales increased by 23.1%, according to BlockShopper.com.

From October through December of 2018, there were 16 homes sold, with a median sale price of $160,950 - a 8% decrease over the $175,000 median sale price for the same period of the previous year. There were 13 homes sold in Sherman in the fourth quarter of 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 the fourth quarter of 2018.

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

CityOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Spaulding13-66.7%$266,000$245,0008.6%
Cantrall330%$247,000$139,00077.7%
Rochester1922-13.6%$178,000$155,45014.5%
New Berlin714-50%$167,500$97,50071.8%
Sherman161323.1%$160,950$175,000-8%
Williamsville10742.9%$160,750$155,0003.7%
Pleasant Plains146133.3%$157,500$103,50052.2%
Chatham534420.5%$156,000$151,0003.3%
Dawson46-33.3%$155,625$169,950-8.4%
Buffalo14-75%$148,900$95,30656.2%
Riverton913-30.8%$128,000$106,62520%

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