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South Central Reporter

Tuesday, November 26, 2024

Farmersville home prices fall in the first half of 2017

Re 9

The median sale price of a home sold in the first half of 2017 in Farmersville fell by $18,800 while total sales remained unchanged with six homes sold, according to BlockShopper.com.

From January through June of 2017, there were six homes sold, with a median sale price of $54,950 - a 25.5% decrease over the $73,750 median sale price for the same period of the previous year. There were six homes sold in Farmersville in the first half of 2016, as well.

The median sales tax in Farmersville for 2017 was $1,520. In 2016, the median sales tax was $1,503. This marks an increase of 1.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Farmersville to other Montgomery County cities in the first half of 2017:

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Raymond36-50%$111,000$48,000131.3%
Coalton23-33.3%$69,000$17,000305.9%
Farmersville660%$54,950$73,750-25.5%
Hillsboro201266.7%$53,000$58,000-8.6%
Nokomis69-33.3%$48,000$44,0009.1%
Taylor Springs6520%$42,500$25,00070%
Coffeen23-33.3%$34,000$24,00041.7%
Fillmore3250%$10,000$17,100-41.5%

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