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Peoria Standard

Sunday, November 24, 2024

Minonk 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 Minonk rose by $100 while total sales increased by 21.1%, according to BlockShopper.com.

From July through December of 2017, there were 23 homes sold, with a median sale price of $65,000 - a 0.2% increase over the $64,900 median sale price for the same period of the previous year. There were 19 homes sold in Minonk in the second 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 3%.

The following table compares Minonk 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)
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%
Benson34-25%$54,000$76,610-29.5%
Secor25-60%$52,750$94,000-43.9%

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