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Friday, November 22, 2024

Iuka home prices rise in the third quarter of 2017

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The median sale price of a home sold in the third quarter of 2017 in Iuka rose by $53,750 while total sales decreased by 33.3%, according to BlockShopper.com.

From July through September of 2017, there were four homes sold, with a median sale price of $133,750 - a 67.2% increase over the $80,000 median sale price for the same period of the previous year. There were six homes sold in Iuka in the third quarter of 2016.

The median sales tax in Iuka for 2017 was $966.56. In 2016, the median sales tax was $966.60. This marks an decrease of 0%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.7%.

The following table compares Iuka to other Marion County cities in the third quarter of 2017:

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Iuka46-33.3%$133,750$80,00067.2%
Walnut Hill10-$80,000$0-
Alma330%$75,000$120,000-37.5%
Salem514318.6%$60,000$79,400-24.4%
Centralia4863-23.8%$47,000$62,500-24.8%
Kinmundy38-62.5%$45,000$61,200-26.5%
Patoka440%$43,750$107,500-59.3%
Junction City40-$28,500$0-
Odin93200%$10,000$38,000-73.7%
Sandoval5366.7%$10,000$9,5005.3%
Central City23-33.3%$8,625$30,000-71.3%
Kell02-100%$0$90,475-100%
Vernon02-100%$0$6,250-100%
Wamac01-100%$0$10,000-100%

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