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South Central Reporter

Saturday, November 23, 2024

Patoka home prices fall in the first quarter of 2018

Realestate2

The median sale price of a home sold in the first quarter of 2018 in Patoka fell by $33,750 while total sales decreased by 16.7%, according to BlockShopper.com.

From January through March of 2018, there were five homes sold, with a median sale price of $12,000 - a 73.8% decrease over the $45,750 median sale price for the same period of the previous year. There were six homes sold in Patoka in the first quarter of 2017.

The median sales tax in Patoka for the most recent year with available data, 2017, was $955.70, approximately 8% of the median home sale price for the first quarter of 2018.

The following table compares Patoka to other Marion County cities in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Iuka5366.7%$160,000$42,000281%
Odin5425%$62,000$56,00010.7%
Kinmundy21100%$53,500$35,00052.9%
Salem1830-40%$37,000$73,000-49.3%
Centralia463821.1%$31,000$33,750-8.1%
Central City25-60%$29,500$23,00028.3%
Patoka56-16.7%$12,000$45,750-73.8%
Wamac10-$5,500$0-
Walnut Hill110%$5,000$170,000-97.1%
Kell13-66.7%$4,000$37,000-89.2%
Sandoval36-50%$3,000$37,500-92%
Junction City00-$0$0-
Vernon00-$0$0-
Alma00-$0$0-

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