Quantcast

Peoria Standard

Thursday, November 21, 2024

Home prices in Woodford County remained unchanged

Re 4

The median sale price of a home sold in the second quarter of 2024 in Woodford County was unchanged, while total sales increased by 2.5%, according to BlockShopper.com.

From April through June of 2024, 122 homes were sold in the county, with sale prices around $175,000. This median price remained the same as during the same period in 2023, when there were 119 homes sold.

Based on the latest available data from 2020, the median sales tax on homes in Woodford County was $3,424, which equates to 2% of the median home sale price for the second quarter of 2024.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Woodford County from April 2023 to June 2024.

Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024$175,000$175,000$182,500$182,500$165,433$165,433$144,000$144,000$175,000$175,000

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS