What’s Selling in the Mahomet Real Estate Market?

Mahomet home sales remain strong in 2015 with a 3.8% increase in the total number of sales (220 home sales in the prior 12 months) and a 1.6% increase in total volume ($52,931,602 in total sales in the prior 12 months).  The average sale price actually dipped slightly to $244,527 but the time on market dropped from 80 to 69 days compared to the same time period last year.

When we see a drop in the average sale price and a drop in the days on market it is typically due to a change in a certain price range instead of an event that has affected the overall demand.  Mahomet demand remains strong and is a great option for home ownership in Champaign County.

Mahomet Home Sales InfographicAn interesting tidbit, 15% of home sales were new construction in Mahomet (for the prior 12 months).   You can look at 2% in Urbana, 6% in Champaign and 39% in Savoy for comparison.

83 Homes are for sale in Mahomet at this time  with 14 closed sales and 25 pending sales in the November.

 

View All Homes For Sale In Mahomet

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