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Wednesday, November 27, 2024

Amboy home prices fall in the first quarter of 2019

Re 12

The median sale price of a home sold in the first quarter of 2019 in Amboy fell by $94,750 while total sales increased by 125%, according to BlockShopper.com.

From January through March of 2019, there were nine homes sold, with a median sale price of $100,000 - a 48.7% decrease over the $194,750 median sale price for the same period of the previous year. There were four homes sold in Amboy in the first quarter of 2018.

The median sales tax in Amboy for the most recent year with available data, 2017, was $1,945, approximately 1.9% of the median home sale price for the first quarter of 2019.

The following table compares Amboy to other Lee County cities in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Lee110%$170,000$319,000-46.7%
Palmyra46-33.3%$155,250$186,750-16.9%
Paw Paw21100%$130,546.50$68,00092%
Amboy94125%$100,000$194,750-48.7%
Sublette12-50%$80,000$58,12537.6%
Dixon423616.7%$71,000$74,300-4.4%
Compton40-$49,500$0-
Franklin Grove40-$18,500$0-
West Brooklyn00-$0$0-
Harmon00-$0$0-
Nachusa01-100%$0$63,500-100%
Steward01-100%$0$10,500-100%
Nelson00-$0$0-
Ashton06-100%$0$56,500-100%

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