South Central Reporter

South Central Reporter

Friday, December 13, 2019

Salem home prices rise in the first half of 2019

Real Estate

By Local Labs News Service | Jul 7, 2019

Realestate2

The median sale price of a home sold in the first half of 2019 in Salem rose by $3,000 while total sales increased by 20.3%, according to BlockShopper.com.

From January through June of 2019, there were 71 homes sold, with a median sale price of $68,000 - a 4.6% increase over the $65,000 median sale price for the same period of the previous year. There were 59 homes sold in Salem in the first half of 2018.

The median sales tax in Salem for the most recent year with available data, 2017, was $1,284, approximately 1.9% of the median home sale price for the first half of 2019.

The following table compares Salem to other Marion County cities with similar median sales prices in the first half of 2019:

City
Jan. - June 2019 Home Sales
Jan. - June 2018 Home Sales
% change (Total Home Sales)
Jan. - June 2019 Median Sales Price
Jan. - June 2018 Median Sales Price
% change (Median Sales Price)
Kell
5
2
150%
$192,000
$86,000
123.3%
Salem
71
59
20.3%
$68,000
$65,000
4.6%
Iuka
8
12
-33.3%
$51,000
$97,950
-47.9%
Centralia
84
112
-25%
$48,400
$35,000
38.3%
Odin
15
13
15.4%
$34,000
$48,000
-29.2%
Sandoval
6
6
0%
$30,500
$35,750
-14.7%
Junction City
1
2
-50%
$29,900
$25,463.50
17.4%
Kinmundy
5
4
25%
$20,000
$85,000
-76.5%
Vernon
1
1
0%
$17,000
$3,000
466.7%
Central City
7
10
-30%
$9,500
$43,500
-78.2%
Patoka
5
14
-64.3%
$9,000
$39,751.50
-77.4%

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