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South Central Reporter

Sunday, November 24, 2024

First half of 2022: Alma experienced a 25% increase in median home prices

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The median sale price of a home sold in the first half of 2022 in Alma rose by $11,000 while total sales decreased by 66.7 percent, according to BlockShopper.com.

From January through June, there were two homes sold, with a median sale price of $55,000 - a 25 percent increase over the $44,000 median sale price for the same period of the previous year. There were six homes sold in Alma in the first half 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 first half of 2022.

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

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Salem8387-4.6$84,500$84,0000.6
Centralia13611122.5$74,000$66,90010.6
Patoka710-30$65,000$44,50046.1
Sandoval913-30.8$65,000$33,00097
Kinmundy121020$60,000$75,500-20.5
Alma26-66.7$55,000$44,00025
Odin141216.7$39,000$16,351138.5
Central City11757.1$35,000$40,000-12.5
Kell48-50$16,500$63,250-73.9
Junction City10-$7,000$0-
Wamac3250$5,000$15,000-66.7

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