Danvers home prices rise in the third quarter of 2020

Medium realestate3

The median sale price of a home sold in the third quarter of 2020 in Danvers rose by $44,500 while total sales increased by 16.7%, according to BlockShopper.com.

From July through September of 2020, there were seven homes sold, with a median sale price of $140,000 - a 46.6% increase over the $95,500 median sale price for the same period of the previous year. There were six homes sold in Danvers in the third quarter of 2019.

The median sales tax in Danvers for the most recent year with available data, 2018, was $3,431, approximately 2.5% of the median home sale price for the third quarter of 2020.

The following table compares Danvers to other McLean 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)
Bloomington50636339.4%$172,000$165,0004.2%
Normal24918038.3%$170,000$166,0002.4%
Lexington151050%$155,000$105,75046.6%
Carlock6520%$147,500$134,00010.1%
Heyworth1215-20%$144,950$192,900-24.9%
Danvers7616.7%$140,000$95,50046.6%
Downs56-16.7%$135,000$229,000-41%
Le Roy222010%$119,000$121,500-2.1%
Colfax11837.5%$105,000$60,25074.3%
Chenoa1015-33.3%$89,950.50$128,000-29.7%
Gridley9728.6%$88,500$127,000-30.3%

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