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South Central Reporter

Tuesday, November 26, 2024

Patoka home prices fall in the first half of 2019

Re 11

The median sale price of a home sold in the first half of 2019 in Patoka fell by $30,752 while total sales decreased by 64.3%, according to BlockShopper.com.

From January through June of 2019, there were five homes sold, with a median sale price of $9,000 - a 77.4% decrease over the $39,752 median sale price for the same period of the previous year. There were 14 homes sold in Patoka in the first half of 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 the first half of 2019.

The following table compares Patoka 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)
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%
Wamac13-66.7%$7,500$5,50036.4%
Walnut Hill12-50%$5,900$42,500-86.1%

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