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South Central Reporter

Saturday, November 23, 2024

Salem home prices fall in April 2018

Realestate4

The median sale price of a home sold in April 2018 in Salem fell by $12,850 while total sales increased by 22.2%, according to BlockShopper.com.

In April 2018, there were 11 homes sold, with a median sale price of $57,150 - a 18.4% decrease over the $70,000 median sale price for the same period of the previous year. There were nine homes sold in Salem in April 2017.

The median sales tax in Salem for the most recent year with available data, 2017, was $1,284, approximately 2.2% of the median home sale price for April 2018.

The following table compares Salem to other Marion County cities in April 2018:

CityApr. 2018 Home SalesApr. 2017 Home Sales% change (Total Home Sales)Apr. 2018 Median Sales PriceApr. 2017 Median Sales Price% change (Median Sales Price)
Kell10-$168,000$0-
Iuka10-$105,000$0-
Patoka24-50%$92,250$32,500183.8%
Walnut Hill10-$80,000$0-
Kinmundy110%$78,000$8,000875%
Odin220%$64,000$107,500-40.5%
Salem11922.2%$57,150$70,000-18.4%
Centralia23230%$40,000$49,000-18.4%
Central City40-$26,000$0-
Junction City10-$5,500$0-
Vernon10-$3,000$0-
Alma00-$0$0-
Sandoval02-100%$0$23,500-100%
Wamac00-$0$0-

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