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South Central Reporter

Friday, November 22, 2024

Salem home prices fall in October 2018

Realestate4

The median sale price of a home sold in October 2018 in Salem fell by $25,250 while total sales increased by 9.1%, according to BlockShopper.com.

In October 2018, there were 12 homes sold, with a median sale price of $61,250 - a 29.2% decrease over the $86,500 median sale price for the same period of the previous year. There were 11 homes sold in Salem in October 2017.

The median sales tax in Salem for the most recent year with available data, 2017, was $1,284, approximately 2.1% of the median home sale price for October 2018.

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

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Iuka23-33.3%$95,000$50,00090%
Kinmundy20-$66,837.50$0-
Salem12119.1%$61,250$86,500-29.2%
Vernon10-$59,000$0-
Centralia191172.7%$48,500$37,00031.1%
Junction City10-$25,000$0-
Patoka220%$15,301$139,000-89%
Odin21100%$11,750$12,000-2.1%
Sandoval220%$7,500$30,975-75.8%
Alma110%$4,020$32,000-87.4%
Wamac110%$2,500$2,20013.6%
Walnut Hill00-$0$0-
Central City01-100%$0$21,000-100%
Kell00-$0$0-

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