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South Central Reporter

Tuesday, November 12, 2024

Centralia home prices fall 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 Centralia fell by $15,500 while total sales decreased by 23.8%, according to BlockShopper.com.

From July through September of 2017, there were 48 homes sold, with a median sale price of $47,000 - a 24.8% decrease over the $62,500 median sale price for the same period of the previous year. There were 63 homes sold in Centralia in the third quarter of 2016.

The median sales tax in Centralia for 2017 was $940.56. In 2016, the median sales tax was $940.60. 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 2%.

The following table compares Centralia 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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