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Saturday, November 23, 2024

Palmyra home prices fall in the first quarter of 2018

Realestate3

The median sale price of a home sold in the first quarter of 2018 in Palmyra fell by $29,500 while total sales increased by 50%, according to BlockShopper.com.

From January through March of 2018, there were three homes sold, with a median sale price of $20,500 - a 59% decrease over the $50,000 median sale price for the same period of the previous year. There were two homes sold in Palmyra in the first quarter of 2017.

The median sales tax in Palmyra for the most recent year with available data, 2017, was $583, approximately 2.8% of the median home sale price for the first quarter of 2018.

The following table compares Palmyra to other Macoupin County cities with similar median sales prices 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)
Virden1027-63%$57,500$50,00015%
Mount Clare20-$54,000$0-
Mount Olive916-43.8%$42,000$36,50015.1%
White City110%$37,000$8,000362.5%
Benld39-66.7%$30,500$33,500-9%
Wilsonville35-40%$25,000$33,000-24.2%
Girard68-25%$22,500$44,500-49.4%
Palmyra3250%$20,500$50,000-59%
Gillespie1015-33.3%$19,500$36,940-47.2%
Sawyerville4333.3%$19,000$18,9000.5%
Lake Ka-Ho110%$1,500$30,000-95%

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