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South Central Reporter

Tuesday, April 29, 2025

Patoka home prices rise in the second quarter of 2018

Re 10

The median sale price of a home sold in the second quarter of 2018 in Patoka rose by $27,500 while total sales increased by 28.6%, according to BlockShopper.com.

From April through June of 2018, there were nine homes sold, with a median sale price of $52,500 - a 110% increase over the $25,000 median sale price for the same period of the previous year. There were seven homes sold in Patoka in the second quarter of 2017.

The median sales tax in Patoka for the most recent year with available data, 2017, was $955.70, approximately 1.8% of the median home sale price for the second quarter of 2018.

The following table compares Patoka to other Marion County cities with similar median sales prices in the second quarter of 2018:

CityApr. - June 2018 Home SalesApr. - June 2017 Home Sales% change (Total Home Sales)Apr. - June 2018 Median Sales PriceApr. - June 2017 Median Sales Price% change (Median Sales Price)
Kinmundy28-75%$92,500$52,00077.9%
Walnut Hill10-$80,000$0-
Salem41387.9%$76,000$63,75019.2%
Iuka7475%$75,000$121,000-38%
Sandoval36-50%$56,500$19,125.50195.4%
Patoka9728.6%$52,500$25,000110%
Central City82300%$44,950$42,8005%
Odin84100%$41,500$53,500-22.4%
Centralia66626.5%$40,000$30,97329.1%
Junction City21100%$25,463.50$10,000154.6%
Alma12-50%$10,000$32,500-69.2%

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