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East Central Reporter

Friday, April 19, 2024

Paris home prices fall in the first quarter of 2017

Realestate1

The median sale price of a home sold in the first quarter of 2017 in Paris fell by $1,550 while total sales decreased by 23.1%, according to BlockShopper.com.

From January through March of 2017, there were 10 homes sold, with a median sale price of $61,450 - a 2.5% decrease over the $63,000 median sale price for the same period of the previous year. There were 13 homes sold in Paris in the first quarter of 2016.

The median sales tax in Paris for the most recent year with available data, 2015, was $939.70, approximately 1.5% of the median home sale price for the first quarter of 2017.

The following table compares Paris to other Edgar County cities in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Hume10-$77,000$0-
Vermilion10-$64,500$0-
Paris1013-23.1%$61,450$63,000-2.5%
Kansas15-80%$52,000$62,000-16.1%
Brocton20-$36,000$0-
Redmon00-$0$0-
Chrisman02-100%$0$62,500-100%

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