The median sale price of a home sold in October 2020 in Stanford fell by $36,000 while total sales remained unchanged with three homes sold, according to BlockShopper.com.
In October 2020, there were three homes sold, with a median sale price of $87,500 - a 29.1% decrease over the $123,500 median sale price for the same period of the previous year. There were three homes sold in Stanford in October 2019, as well.
The median sales tax in Stanford for the most recent year with available data, 2018, was $1,927, approximately 2.2% of the median home sale price for October 2020.
The following table compares Stanford to other McLean County cities with similar median sales prices in October 2020:
| City | Oct. 2020 Home Sales | Oct. 2019 Home Sales | % change (Total Home Sales) | Oct. 2020 Median Sales Price | Oct. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Saybrook | 1 | 0 | - | $150,000 | $0 | - |
| Heyworth | 6 | 10 | -40% | $145,950 | $126,750 | 15.1% |
| Le Roy | 9 | 10 | -10% | $118,000 | $133,750 | -11.8% |
| Chenoa | 1 | 3 | -66.7% | $106,500 | $88,000 | 21% |
| Arrowsmith | 2 | 1 | 100% | $100,000 | $72,000 | 38.9% |
| Lexington | 6 | 7 | -14.3% | $90,000 | $123,500 | -27.1% |
| Stanford | 3 | 3 | 0% | $87,500 | $123,500 | -29.1% |
| Colfax | 2 | 3 | -33.3% | $78,250 | $122,500 | -36.1% |
| Gridley | 3 | 4 | -25% | $72,165 | $85,625 | -15.7% |
| Anchor | 1 | 0 | - | $29,900 | $0 | - |
| McLean | 3 | 3 | 0% | $29,840 | $83,500 | -64.3% |
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