Lexington home prices rise in the first half of 2020

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The median sale price of a home sold in the first half of 2020 in Lexington rose by $33,000 while total sales remained unchanged with 17 homes sold, according to BlockShopper.com.

From January through June of 2020, there were 17 homes sold, with a median sale price of $175,000 - a 23.2% increase over the $142,000 median sale price for the same period of the previous year. There were 17 homes sold in Lexington in the first half of 2019, as well.

The median sales tax in Lexington for the most recent year with available data, 2017, was $3,698, approximately 2.1% of the median home sale price for the first half of 2020.

The following table compares Lexington to other McLean County cities with similar median sales prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Hudson718-61.1%$184,000$152,00021.1%
Twin Grove1213-7.7%$177,500$215,000-17.4%
Lexington17170%$175,000$142,00023.2%
Bloomington525621-15.5%$165,500$164,0000.9%
Downs10825%$162,000$171,500-5.5%
Normal295312-5.4%$157,500$158,250-0.5%
Heyworth332722.2%$149,000$177,000-15.8%
Carlock440%$143,500$109,00031.7%
Towanda7540%$133,900$62,550114.1%
Chenoa1015-33.3%$123,500$75,00064.7%
Gridley11837.5%$120,000$121,450-1.2%

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