Tremont home prices fall in January 2020

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The median sale price of a home sold in January 2020 in Tremont fell by $51,945 while total sales decreased by 50%, according to BlockShopper.com.

In January 2020, there were two homes sold, with a median sale price of $173,700 - a 23% decrease over the $225,645 median sale price for the same period of the previous year. There were four homes sold in Tremont in January 2019.

The median sales tax in Tremont for the most recent year with available data, 2018, was $3,591, approximately 2.1% of the median home sale price for January 2020.

The following table compares Tremont to other Tazewell County cities with similar median sales prices in January 2020:

City
Jan. 2020 Home Sales
Jan. 2019 Home Sales
% change (Total Home Sales)
Jan. 2020 Median Sales Price
Jan. 2019 Median Sales Price
% change (Median Sales Price)
Washington
14
18
-22.2%
$199,400
$170,000
17.3%
Heritage Lake
2
1
100%
$196,000
$105,000
86.7%
Green Valley
1
0
-
$192,000
$0
-
Hopedale
2
5
-60%
$185,950
$81,000
129.6%
Tremont
2
4
-50%
$173,700
$225,645
-23%
Morton
15
15
0%
$164,000
$156,000
5.1%
North Pekin
1
2
-50%
$120,000
$105,000
14.3%
Deer Creek
2
0
-
$106,375
$0
-
Mackinaw
2
4
-50%
$104,000
$153,250
-32.1%
Marquette Heights
2
4
-50%
$75,950
$82,450
-7.9%
East Peoria
20
25
-20%
$75,500
$116,500
-35.2%

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