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East Central Reporter

Thursday, April 18, 2024

Humboldt home prices rise in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in Humboldt rose by $264,916.50 while total sales decreased by 33.3%, according to BlockShopper.com.

From January through March of 2017, there were two homes sold, with a median sale price of $294,916.50 - a 883.1% increase over the $30,000 median sale price for the same period of the previous year. There were three homes sold in Humboldt in the first quarter of 2016.

The median sales tax in Humboldt for 2017 was $1,619.08. In 2016, the median sales tax was $1,664. This marks an decrease of 2.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.5%.

The following table compares Humboldt to other Coles County cities in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Humboldt23-33.3%$294,916.50$30,000883.1%
Lerna10-$125,000$0-
Charleston4950-2%$85,500$99,950-14.5%
Oakland35-40%$80,000$53,50049.5%
Mattoon765635.7%$56,000$74,750-25.1%
Ashmore3250%$15,000$22,184-32.4%

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