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South Central Reporter

Wednesday, November 13, 2024

Alma home prices fall in the first half of 2017

Re 13

The median sale price of a home sold in the first half of 2017 in Alma fell by $50,000 while total sales decreased by 66.7%, according to BlockShopper.com.

From January through June of 2017, there were two homes sold, with a median sale price of $32,500 - a 60.6% decrease over the $82,500 median sale price for the same period of the previous year. There were six homes sold in Alma in the first half of 2016.

The median sales tax in Alma for 2017 was $888. In 2016, the median sales tax was $888, as well. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.

The following table compares Alma to other Marion County cities with similar median sales prices 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)
Kell6520%$104,200$27,000285.9%
Iuka710-30%$99,500$76,70029.7%
Salem68654.6%$71,000$62,00014.5%
Odin8633.3%$53,500$51,5003.9%
Kinmundy9728.6%$35,000$35,0000%
Centralia1008912.4%$33,750$40,000-15.6%
Patoka135160%$32,500$72,900-55.4%
Alma26-66.7%$32,500$82,500-60.6%
Sandoval12119.1%$25,000$13,00092.3%
Central City78-12.5%$23,000$38,250-39.9%
Junction City14-75%$10,000$13,000-23.1%

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