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Saturday, November 23, 2024

Niantic home prices fall in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Niantic fell by $3,000 while total sales increased by 250%, according to BlockShopper.com.

From July through September of 2020, there were seven homes sold, with a median sale price of $97,500 - a 3% decrease over the $100,500 median sale price for the same period of the previous year. There were two homes sold in Niantic in the third quarter of 2019.

The median sales tax in Niantic for the most recent year with available data, 2017, was $1,891, approximately 1.9% of the median home sale price for the third quarter of 2020.

The following table compares Niantic to other Macon County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Harristown8560%$143,000$103,00038.8%
Warrensburg5425%$127,000$45,550.50178.8%
Mount Zion332817.9%$125,000$124,7500.2%
Blue Mound126100%$115,000$71,00062%
Maroa613-53.8%$110,450$83,00033.1%
Oakley26-66.7%$106,000$155,000-31.6%
Niantic72250%$97,500$100,500-3%
Macon10911.1%$87,950$73,00020.5%
Decatur332344-3.5%$83,700$81,5002.7%
Oreana56-16.7%$81,000$87,750-7.7%
Argenta440%$64,750$101,500-36.2%

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