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Peoria Standard

Monday, November 25, 2024

Farmington home prices rise in July 2018

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The median sale price of a home sold in July 2018 in Farmington rose by $4,544 while total sales increased by 40%, according to BlockShopper.com.

In July 2018, there were seven homes sold, with a median sale price of $40,000 - a 12.8% increase over the $35,456 median sale price for the same period of the previous year. There were five homes sold in Farmington in July 2017.

The median sales tax in Farmington for the most recent year with available data, 2016, was $1,904, approximately 4.8% of the median home sale price for July 2018.

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

CityJuly 2018 Home SalesJuly 2017 Home Sales% change (Total Home Sales)July 2018 Median Sales PriceJuly 2017 Median Sales Price% change (Median Sales Price)
Fairview10-$110,000$0-
Canton351984.2%$68,500$60,00014.2%
St. David10-$45,200$0-
Lewistown12-50%$40,000$78,750-49.2%
Farmington7540%$40,000$35,45612.8%
London Mills31200%$6,000$25,000-76%
Avon00-$0$0-

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