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South Central Reporter

Sunday, November 24, 2024

Pricing for the median home in Central City decreased during the first half of 2022

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The median sale price of a home sold in the first half of 2022 in Central City fell by $5,000 while total sales increased by 57.1 percent, according to BlockShopper.com.

From January through June, there were 11 homes sold, with a median sale price of $35,000 - a 12.5 percent decrease from the $40,000 median sale price for the same period of the previous year. There were seven homes sold in Central City in the first half of 2021.

The median sales tax in Central City for the most recent year with available data, 2018, was $405, approximately 1.2 percent of the median home sale price for the first half of 2022.

The following table compares Central City 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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