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South Central Reporter

Friday, April 26, 2024

Patoka home prices fall in May 2019

Re 5

The median sale price of a home sold in May 2019 in Patoka fell by $31,000 while total sales decreased by 33.3%, according to BlockShopper.com.

In May 2019, there were two homes sold, with a median sale price of $9,000 - a 77.5% decrease over the $40,000 median sale price for the same period of the previous year. There were three homes sold in Patoka in May 2018.

The median sales tax in Patoka for the most recent year with available data, 2017, was $956, approximately 10.6% of the median home sale price for May 2019.

The following table compares Patoka to other Marion County cities in May 2019:

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Salem201442.9%$101,250$84,25020.2%
Iuka23-33.3%$66,745$72,500-7.9%
Odin5366.7%$35,000$40,000-12.5%
Centralia1523-34.8%$35,000$27,50027.3%
Junction City110%$29,900$45,427-34.2%
Kell10-$27,500$0-
Patoka23-33.3%$9,000$40,000-77.5%
Central City12-50%$5,500$168,500-96.7%
Sandoval110%$2,500$15,000-83.3%
Vernon00-$0$0-
Kinmundy00-$0$0-
Alma01-100%$0$10,000-100%
Wamac02-100%$0$9,875-100%
Walnut Hill00-$0$0-

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