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Sunday, November 24, 2024

Germantown Hills home prices rise in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Germantown Hills rose by $29,500 while total sales decreased by 17.4%, according to BlockShopper.com.

From July through December of 2017, there were 19 homes sold, with a median sale price of $212,500 - a 16.1% increase over the $183,000 median sale price for the same period of the previous year. There were 23 homes sold in Germantown Hills in the second half of 2016.

The median sales tax in Germantown Hills for 2017 was $5,207. In 2016, the median sales tax was $5,313. This marks an decrease of 2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.

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

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Congerville330%$310,000$120,000158.3%
Germantown Hills1923-17.4%$212,500$183,00016.1%
Goodfield5425%$150,000$126,00019%
Metamora37355.7%$147,500$142,5003.5%
Eureka363116.1%$134,000$126,5005.9%
El Paso2538-34.2%$109,500$90,12521.5%
Bay View Gardens15-80%$98,900$46,500112.7%
Spring Bay550%$98,000$91,0007.7%
Roanoke1722-22.7%$92,000$98,750-6.8%
Washburn1023-56.5%$80,950$37,500115.9%
Minonk231921.1%$65,000$64,9000.2%

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