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South Central Reporter

Sunday, November 24, 2024

Median home valuation prices in Marion County fell to $60,000 in May 2024 compared to May 2023

Re 12

In May, the median sale price of a home in Marion County fell by $20,000 from the same period in the previous year, while total sales decreased by 4.1%, according to BlockShopper.com.

Data shows that there were 47 homes sold in May, with a median sale price of $60,000 - a 25% decrease from the $80,000 median sale price for the same period of the previous year. There were 49 homes sold in Marion County in May 2023.

For context, the median sales tax in Marion County, based on the latest available data from 2021, was $1,004, which stands at 1.7% of May's median home sale price.

The following histogram displays changes in median sales prices in Marion County from May 2023 to May 2024.

May 2023June 2023July 2023August 2023September 2023October 2023November 2023December 2023January 2024February 2024March 2024April 2024May 2024$80,000$80,000$110,000$110,000$95,000$95,000$62,500$62,500$90,000$90,000$45,000$45,000$103,000$103,000$65,000$65,000$83,250$83,250$50,000$50,000$60,000$60,000$82,450$82,450$60,000$60,000

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