Delavan home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Delavan rose by $41,600 while total sales decreased by 53.8%, according to BlockShopper.com.

From July through September of 2020, there were six homes sold, with a median sale price of $116,600 - a 55.5% increase over the $75,000 median sale price for the same period of the previous year. There were 13 homes sold in Delavan in the third quarter of 2019.

The median sales tax in Delavan for the most recent year with available data, 2019, was $2,548, approximately 2.2% of the median home sale price for the third quarter of 2020.

The following table compares Delavan to other Tazewell County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Mackinaw1314-7.1%$168,500$174,250-3.3%
Washington1329440.4%$136,500$180,000-24.2%
East Peoria137163-16%$131,000$126,0004%
Green Valley8714.3%$119,750$120,900-1%
Minier131030%$119,000$110,2507.9%
Delavan613-53.8%$116,600$75,00055.5%
Armington3250%$115,000$59,50093.3%
Hopedale880%$114,750$107,5006.7%
Creve Coeur1619-15.8%$107,450$77,50038.6%
Pekin20118210.4%$107,000$99,4507.6%
Marquette Heights1618-11.1%$92,500$79,75016%

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