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Sunday, June 29, 2025

Falling home prices in Lisbon North in the second half of 2020

Webp re 7

The median sale price of a home sold in the second half of 2020 in Lisbon North fell by $63,000 while total sales decreased by 33.3%, according to BlockShopper.com.

From July through December of 2020, there were two homes sold, with a median sale price of $181,000 - a 25.8% decrease over the $244,000 median sale price for the same period of the previous year. There were three homes sold in Lisbon North in the second half of 2019.

The median sales tax in Lisbon North for the most recent year with available data, 2018, was $4,680, approximately 2.6% of the median home sale price for the second half of 2020.

The following table compares Lisbon North to other Grundy County cities with similar median sale prices in the second half of 2020:

CityJuly - Dec. 2020 Home SalesJuly - Dec. 2019 Home Sales% change (Total Home Sales)July - Dec. 2020 Median Sales PriceJuly - Dec. 2019 Median Sales Price% change (Median Sales Price)
Verona220%$442,500$136,250224.8%
Channahon362733.3%$264,000$262,0000.8%
Minooka100964.2%$229,000$203,05012.8%
Morris156158-1.3%$220,000$194,00013.4%
Diamond261844.4%$219,750$185,561.5018.4%
Lisbon North23-33.3%$181,000$244,000-25.8%
Braceville112450%$170,000$147,75015.1%
Mazon913-30.8%$169,000$130,00030%
Coal City6471-9.9%$165,000$168,000-1.8%
Gardner11837.5%$134,900$95,662.5041%
Carbon Hill3250%$125,000$99,37525.8%

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