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South Central Reporter

Tuesday, November 26, 2024

Iuka home prices fall in the first half of 2019

Re 1

The median sale price of a home sold in the first half of 2019 in Iuka fell by $46,950 while total sales decreased by 33.3%, according to BlockShopper.com.

From January through June of 2019, there were eight homes sold, with a median sale price of $51,000 - a 47.9% decrease over the $97,950 median sale price for the same period of the previous year. There were 12 homes sold in Iuka in the first half of 2018.

The median sales tax in Iuka for the most recent year with available data, 2017, was $967, approximately 1.9% of the median home sale price for the first half of 2019.

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

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Kell52150%$192,000$86,000123.3%
Salem715920.3%$68,000$65,0004.6%
Iuka812-33.3%$51,000$97,950-47.9%
Centralia84112-25%$48,400$35,00038.3%
Odin151315.4%$34,000$48,000-29.2%
Sandoval660%$30,500$35,750-14.7%
Junction City12-50%$29,900$25,463.5017.4%
Kinmundy5425%$20,000$85,000-76.5%
Vernon110%$17,000$3,000466.7%
Central City710-30%$9,500$43,500-78.2%
Patoka514-64.3%$9,000$39,751.50-77.4%

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