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Friday, December 6, 2019

Loami home prices rise in the first half of 2019

Real Estate

By Local Labs News Service | Jul 7, 2019

Re 13

The median sale price of a home sold in the first half of 2019 in Loami rose by $61,600 while total sales increased by 133.3%, according to BlockShopper.com.

From January through June of 2019, there were 14 homes sold, with a median sale price of $72,100 - a 586.7% increase over the $10,500 median sale price for the same period of the previous year. There were six homes sold in Loami in the first half of 2018.

The median sales tax in Loami for the most recent year with available data, 2017, was $1,734, approximately 2.4% of the median home sale price for the first half of 2019.

The following table compares Loami to other Sangamon County cities with similar median sales prices in the first half of 2019:

City
Jan. - June 2019 Home Sales
Jan. - June 2018 Home Sales
% change (Total Home Sales)
Jan. - June 2019 Median Sales Price
Jan. - June 2018 Median Sales Price
% change (Median Sales Price)
Auburn
34
38
-10.5%
$114,250
$117,500
-2.8%
Pawnee
41
24
70.8%
$109,500
$98,750
10.9%
Riverton
35
29
20.7%
$109,000
$110,000
-0.9%
Dawson
9
12
-25%
$95,000
$91,100
4.3%
New Berlin
9
16
-43.8%
$90,000
$131,000
-31.3%
Divernon
15
10
50%
$85,000
$77,950
9%
Southern View
16
21
-23.8%
$83,150
$72,881.47
14.1%
Loami
14
6
133.3%
$72,100
$10,500
586.7%
Mechanicsburg
3
4
-25%
$60,000
$123,000
-51.2%
Thayer
8
10
-20%
$54,625
$38,750
41%
Illiopolis
7
9
-22.2%
$51,465
$40,000
28.7%

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