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Sangamon Sun

Wednesday, November 27, 2024

Sherman home prices fall in 2018

Re 13

The median sale price of a home sold in 2018 in Sherman fell by $19,750 while total sales increased by 15.3%, according to BlockShopper.com.

From January through December of 2018, there were 68 homes sold, with a median sale price of $162,250 - a 10.9% decrease over the $182,000 median sale price for the previous year. There were 59 homes sold in Sherman in 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 2018.

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

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Cantrall121020%$212,500$125,95068.7%
Sherman685915.3%$162,250$182,000-10.9%
Rochester8398-15.3%$161,000$150,0007.3%
Chatham220241-8.7%$155,000$160,000-3.1%
Williamsville2829-3.4%$151,450$144,0005.2%
New Berlin3663-42.9%$148,950$120,00024.1%
Pleasant Plains4620130%$135,000$84,75059.3%
Spaulding151315.4%$127,800$140,000-8.7%
Riverton4763-25.4%$119,900$119,9000%
Dawson2124-12.5%$119,000$141,700-16%
Pawnee4471-38%$106,250$111,000-4.3%

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