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East Central Reporter

Thursday, April 18, 2024

Mattoon home prices fall in the first half of 2017

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The median sale price of a home sold in the first half of 2017 in Mattoon fell by $9,936 while total sales increased by 11.8%, according to BlockShopper.com.

From January through June of 2017, there were 161 homes sold, with a median sale price of $64,000 - a 13.4% decrease over the $73,936 median sale price for the same period of the previous year. There were 144 homes sold in Mattoon in the first half of 2016.

The median sales tax in Mattoon for 2017 was $1,534. In 2016, the median sales tax was $1,541. This marks an decrease of 0.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.

The following table compares Mattoon to other Coles County cities in the first half of 2017:

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Humboldt28-75%$294,916.50$80,950264.3%
Lerna41300%$112,000$221,000-49.3%
Charleston1381278.7%$105,450$100,0005.5%
Oakland15966.7%$100,000$62,00061.3%
Mattoon16114411.8%$64,000$73,935.98-13.4%
Ashmore610-40%$35,750$40,500-11.7%

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