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South Central Reporter

Tuesday, November 26, 2024

Salem home prices rise in June 2017

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The median sale price of a home sold in June 2017 in Salem rose by $13,000 while total sales increased by 58.3%, according to BlockShopper.com.

In June 2017, there were 19 homes sold, with a median sale price of $73,000 - a 21.7% increase over the $60,000 median sale price for the same period of the previous year. There were 12 homes sold in Salem in June 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 1.8%.

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

CityJune 2017 Home SalesJune 2016 Home Sales% change (Total Home Sales)June 2017 Median Sales PriceJune 2016 Median Sales Price% change (Median Sales Price)
Kell21100%$179,200$18,000895.6%
Iuka14-75%$120,000$94,45027.1%
Kinmundy21100%$106,250$50,000112.5%
Salem191258.3%$73,000$60,00021.7%
Central City21100%$42,800$25,90065.3%
Centralia161060%$20,250$63,500-68.1%
Sandoval330%$18,251$20,000-8.7%
Vernon00-$0$0-
Patoka01-100%$0$72,900-100%
Odin00-$0$0-
Alma02-100%$0$85,500-100%
Wamac02-100%$0$46,000-100%
Walnut Hill00-$0$0-
Junction City01-100%$0$18,000-100%

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