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Friday, April 26, 2024

Loami home prices rise in the first half of 2019

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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:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Auburn3438-10.5%$114,250$117,500-2.8%
Pawnee412470.8%$109,500$98,75010.9%
Riverton352920.7%$109,000$110,000-0.9%
Dawson912-25%$95,000$91,1004.3%
New Berlin916-43.8%$90,000$131,000-31.3%
Divernon151050%$85,000$77,9509%
Southern View1621-23.8%$83,150$72,881.4714.1%
Loami146133.3%$72,100$10,500586.7%
Mechanicsburg34-25%$60,000$123,000-51.2%
Thayer810-20%$54,625$38,75041%
Illiopolis79-22.2%$51,465$40,00028.7%

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