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Peoria Standard

Monday, November 25, 2024

Farmington home prices rise in May 2018

Re 4

The median sale price of a home sold in May 2018 in Farmington rose by $39,750 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

In May 2018, there were two homes sold, with a median sale price of $80,000 - a 98.8% increase over the $40,250 median sale price for the same period of the previous year. There were two homes sold in Farmington in May 2017, as well.

The median sales tax in Farmington for the most recent year with available data, 2016, was $1,904, approximately 2.4% of the median home sale price for May 2018.

The following table compares Farmington to other Fulton County cities in May 2018:

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Farmington220%$80,000$40,25098.8%
Canton1424-41.7%$70,750$83,250-15%
London Mills10-$55,000$0-
Lewistown10-$45,000$0-
Avon01-100%$0$30,000-100%
St. David03-100%$0$12,000-100%
Fairview00-$0$0-

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