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South Central Reporter

Sunday, November 24, 2024

Q2: Alma experienced a 35.3% drop in median home prices

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The median sale price of a home sold in the second quarter of 2022 in Alma fell by $30,000 while total sales decreased by 50 percent, according to BlockShopper.com.

From April through June, there were two homes sold, with a median sale price of $55,000 - a 35.3 percent decrease from the $85,000 median sale price for the same period of the previous year. There were four homes sold in Alma in the second quarter of 2021.

The median sales tax in Alma for the most recent year with available data, 2018, was $983, approximately 1.8 percent of the median home sale price for the second quarter of 2022.

The following table compares Alma to other Marion County cities with similar median sale prices in the second quarter of 2022:

CityApril - June 2022 Home SalesApril - June 2021 Home Sales% change (Total Home Sales)April - June 2022 Median Sales PriceApril - June 2021 Median Sales Price% change (Median Sales Price)
Kinmundy7475$88,900$61,00045.7
Odin8714.3$85,000$12,000608.3
Kell26-66.7$81,500$66,75022.1
Centralia735923.7$80,000$78,0002.6
Sandoval711-36.4$65,000$33,00097
Alma24-50$55,000$85,000-35.3
Patoka46-33.3$45,250$43,5004
Central City46-33.3$33,000$49,500-33.3
Walnut Hill110$11,000$229,500-95.2
Junction City10-$7,000$0-
Wamac220$6,000$15,000-60

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