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South Central Reporter

Friday, April 26, 2024

Patoka home prices rise in the first quarter of 2019

Re 1

The median sale price of a home sold in the first quarter of 2019 in Patoka rose by $15,250 while total sales decreased by 60%, according to BlockShopper.com.

From January through March of 2019, there were two homes sold, with a median sale price of $27,250 - a 127.1% increase over the $12,000 median sale price for the same period of the previous year. There were five homes sold in Patoka in the first quarter of 2018.

The median sales tax in Patoka for the most recent year with available data, 2017, was $956, approximately 3.5% of the median home sale price for the first quarter of 2019.

The following table compares Patoka to other Marion County cities in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Kell31200%$192,000$4,0004700%
Iuka25-60%$100,000$160,000-37.5%
Salem241833.3%$60,750$37,00064.2%
Sandoval4333.3%$56,000$3,0001766.7%
Centralia3146-32.6%$54,900$31,00077.1%
Patoka25-60%$27,250$12,000127.1%
Kinmundy220%$22,553.50$53,500-57.8%
Odin6520%$21,750$62,000-64.9%
Vernon10-$17,000$0-
Wamac110%$7,500$5,50036.4%
Junction City00-$0$0-
Central City02-100%$0$29,500-100%
Alma00-$0$0-
Walnut Hill01-100%$0$5,000-100%

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