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Peoria Standard

Saturday, April 26, 2025

Minonk home prices rise in the first half of 2017

Re 8

The median sale price of a home sold in the first half of 2017 in Minonk rose by $19,450 while total sales increased by 27.3%, according to BlockShopper.com.

From January through June of 2017, there were 14 homes sold, with a median sale price of $97,450 - a 24.9% increase over the $78,000 median sale price for the same period of the previous year. There were 11 homes sold in Minonk in the first half of 2016.

The median sales tax in Minonk for 2017 was $1,945. In 2016, the median sales tax was $1,987. 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 2%.

The following table compares Minonk to other Woodford County cities with similar median sales prices in the first half of 2017:

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Goodfield6450%$195,500$133,25046.7%
Metamora2634-23.5%$139,400$155,000-10.1%
El Paso272317.4%$119,500$97,50022.6%
Eureka3132-3.1%$115,000$142,500-19.3%
Congerville550%$98,000$160,000-38.8%
Minonk141127.3%$97,450$78,00024.9%
Roanoke21210%$86,000$100,000-14%
Benson27-71.4%$77,000$52,50046.7%
Spring Bay550%$75,000$38,25596.1%
Washburn410-60%$49,250$40,00023.1%
Secor7475%$40,000$34,00017.6%

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