Quantcast

South Central Reporter

Saturday, November 23, 2024

Salem home prices fall in May 2017

Realestate1

The median sale price of a home sold in May 2017 in Salem fell by $24,250 while total sales decreased by 23.1%, according to BlockShopper.com.

In May 2017, there were 10 homes sold, with a median sale price of $40,750 - a 37.3% decrease over the $65,000 median sale price for the same period of the previous year. There were 13 homes sold in Salem in May 2016.

The median sales tax in Salem for 2017 was $1,284. In 2016, the median sales tax was $1,284, as well. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.2%.

The following table compares Salem to other Marion County cities in May 2017:

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Kell110%$190,000$160,00018.8%
Iuka3250%$122,000$130,000-6.2%
Kinmundy51400%$70,000$33,000112.1%
Centralia231921.1%$45,000$52,000-13.5%
Salem1013-23.1%$40,750$65,000-37.3%
Alma220%$32,500$220,000-85.2%
Odin23-33.3%$27,250$63,000-56.7%
Sandoval13-66.7%$20,000$80,000-75%
Patoka3250%$14,000$59,500-76.5%
Junction City10-$10,000$0-
Vernon01-100%$0$12,000-100%
Wamac00-$0$0-
Walnut Hill00-$0$0-
Central City01-100%$0$56,000-100%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS