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Peoria Standard

Thursday, April 18, 2024

Eureka home prices fall in the fourth quarter of 2017

Realestate3

The median sale price of a home sold in the fourth quarter of 2017 in Eureka fell by $22,500 while total sales increased by 38.5%, according to BlockShopper.com.

From October through December of 2017, there were 18 homes sold, with a median sale price of $91,000 - a 19.8% decrease over the $113,500 median sale price for the same period of the previous year. There were 13 homes sold in Eureka in the fourth quarter of 2016.

The median sales tax in Eureka for 2017 was $3,234.40. In 2016, the median sales tax was $3,304.40. This marks an decrease of 2.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.6%.

The following table compares Eureka to other Woodford County cities with similar median sales prices in the fourth quarter of 2017:

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Germantown Hills12771.4%$206,000$193,0006.7%
Goodfield31200%$130,000$120,0008.3%
Metamora18180%$111,500$121,250-8%
El Paso1321-38.1%$105,000$82,00028%
Bay View Gardens12-50%$98,900$45,750116.2%
Roanoke612-50%$96,750$103,250-6.3%
Eureka181338.5%$91,000$113,500-19.8%
Spring Bay21100%$86,000$45,00091.1%
Washburn211-81.8%$79,500$37,500112%
Minonk134225%$50,500$46,4508.7%
Secor12-50%$32,500$74,500-56.4%

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