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Saturday, April 20, 2024

Palestine home prices rise in the first quarter of 2017

Realestate5

The median sale price of a home sold in the first quarter of 2017 in Palestine rose by $33,000 while total sales increased by 28.6%, according to BlockShopper.com.

From January through March of 2017, there were nine homes sold, with a median sale price of $58,000 - a 132% increase over the $25,000 median sale price for the same period of the previous year. There were seven homes sold in Palestine in the first quarter of 2016.

The median sales tax in Palestine for the most recent year with available data, 2016, was $1,137.30, approximately 2% of the median home sale price for the first quarter of 2017.

The following table compares Palestine to other Crawford 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)
Hutsonville220%$92,950$32,000190.5%
Robinson3351-35.3%$73,000$80,000-8.8%
Oblong6450%$68,750$17,500292.9%
Palestine9728.6%$58,000$25,000132%
Annapolis10-$15,200$0-
Flat Rock23-33.3%$8,000$30,000-73.3%

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