The median sale price of a home sold in the first half of 2020 in Rio rose by $24,500 while total sales decreased by 33.3%, according to BlockShopper.com.
From January through June of 2020, there were two homes sold, with a median sale price of $66,500 - a 58.3% increase over the $42,000 median sale price for the same period of the previous year. There were three homes sold in Rio in the first half of 2019.
The median sales tax in Rio for the most recent year with available data, 2018, was $1,677, approximately 2.5% of the median home sale price for the first half of 2020.
The following table compares Rio to other Knox County cities with similar median sales prices in the first half of 2020:
| City | Jan. - June 2020 Home Sales | Jan. - June 2019 Home Sales | % change (Total Home Sales) | Jan. - June 2020 Median Sales Price | Jan. - June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Oak Run | 11 | 14 | -21.4% | $215,000 | $213,750 | 0.6% |
| Henderson | 2 | 2 | 0% | $126,500 | $28,250 | 347.8% |
| Oneida | 10 | 4 | 150% | $109,000 | $111,000 | -1.8% |
| Knoxville | 21 | 23 | -8.7% | $90,000 | $80,000 | 12.5% |
| Williamsfield | 3 | 6 | -50% | $73,000 | $91,000 | -19.8% |
| Rio | 2 | 3 | -33.3% | $66,500 | $42,000 | 58.3% |
| Galesburg | 141 | 232 | -39.2% | $63,000 | $71,725 | -12.2% |
| Maquon | 4 | 2 | 100% | $58,000 | $69,250 | -16.2% |
| Dahinda | 1 | 0 | - | $58,000 | $0 | - |
| Yates City | 2 | 8 | -75% | $56,000 | $42,500 | 31.8% |
| Wataga | 5 | 7 | -28.6% | $52,000 | $74,043 | -29.8% |
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