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East Central Reporter

Thursday, April 18, 2024

Mattoon home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Mattoon rose by $4,000 while total sales decreased by 14.5%, according to BlockShopper.com.

From January through March of 2018, there were 65 homes sold, with a median sale price of $60,000 - a 7.1% increase over the $56,000 median sale price for the same period of the previous year. There were 76 homes sold in Mattoon in the first quarter of 2017.

The median sales tax in Mattoon for the most recent year with available data, 2017, was $1,534, approximately 2.6% of the median home sale price for the first quarter of 2018.

The following table compares Mattoon to other Coles County cities in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Charleston564914.3%$69,000$85,500-19.3%
Mattoon6576-14.5%$60,000$56,0007.1%
Humboldt3250%$25,000$294,916.50-91.5%
Oakland330%$22,000$80,000-72.5%
Ashmore23-33.3%$19,494$15,00030%
Lerna21100%$13,500$125,000-89.2%

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