East Central Reporter

In January, the median sale price of a home in Coles County fell by $30,000 from the same period in the previous year, while total sales decreased by 36.5%, according to BlockShopper.com.

There were 33 homes sold in January, with a median sale price of $80,000 — a 27.3% decrease from the $110,000 median sale price during the same period of the previous year. In comparison, 52 homes were sold in Coles County in January 2024.

Based on the latest available data from 2021, the median sales tax in Coles County was $1,804, which stands at 2.3% of January's median home sale price.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its 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 Coles County from January 2024 to January 2025.