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South Central Reporter

Saturday, April 20, 2024

Salem home prices fall in June 2019

Realestate1

The median sale price of a home sold in June 2019 in Salem fell by $14,000 while total sales remained unchanged with 16 homes sold, according to BlockShopper.com.

In June 2019, there were 16 homes sold, with a median sale price of $64,000 - a 17.9% decrease over the $78,000 median sale price for the same period of the previous year. There were 16 homes sold in Salem in June 2018, as well.

The median sales tax in Salem for the most recent year with available data, 2017, was $1,284, approximately 2% of the median home sale price for June 2019.

The following table compares Salem to other Marion County cities in June 2019:

CityJune 2019 Home SalesJune 2018 Home Sales% change (Total Home Sales)June 2019 Median Sales PriceJune 2018 Median Sales Price% change (Median Sales Price)
Kell10-$235,000$0-
Odin23-33.3%$172,700$15,0001051.3%
Salem16160%$64,000$78,000-17.9%
Iuka330%$30,000$75,000-60%
Centralia242020%$29,450$43,750-32.7%
Central City3250%$9,000$92,500-90.3%
Walnut Hill10-$5,900$0-
Vernon00-$0$0-
Kinmundy01-100%$0$107,000-100%
Patoka04-100%$0$68,800-100%
Alma00-$0$0-
Sandoval02-100%$0$58,250-100%
Wamac00-$0$0-
Junction City00-$0$0-

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