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South Central Reporter

Tuesday, November 26, 2024

Iuka home prices fall in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Iuka fell by $27,255 while total sales decreased by 14.3%, according to BlockShopper.com.

From April through June of 2019, there were six homes sold, with a median sale price of $47,745 - a 36.3% decrease over the $75,000 median sale price for the same period of the previous year. There were seven homes sold in Iuka in the second quarter of 2018.

The median sales tax in Iuka for the most recent year with available data, 2017, was $967, approximately 2% of the median home sale price for the second quarter of 2019.

The following table compares Iuka to other Marion County cities in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Kell21100%$131,250$168,000-21.9%
Salem474114.6%$75,100$76,000-1.2%
Iuka67-14.3%$47,745$75,000-36.3%
Centralia5366-19.7%$40,000$40,0000%
Odin9812.5%$35,000$41,500-15.7%
Junction City12-50%$29,900$25,463.5017.4%
Kinmundy3250%$20,000$92,500-78.4%
Central City78-12.5%$9,500$44,950-78.9%
Patoka39-66.7%$9,000$52,500-82.9%
Walnut Hill110%$5,900$80,000-92.6%
Sandoval23-33.3%$2,250$56,500-96%
Vernon01-100%$0$3,000-100%
Alma01-100%$0$10,000-100%
Wamac02-100%$0$9,875-100%

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