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Saturday, November 23, 2024

Charleston home prices fall in the third quarter of 2017

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The median sale price of a home sold in the third quarter of 2017 in Charleston fell by $8,125 while total sales decreased by 5.4%, according to BlockShopper.com.

From July through September of 2017, there were 70 homes sold, with a median sale price of $115,500 - a 6.6% decrease over the $123,625 median sale price for the same period of the previous year. There were 74 homes sold in Charleston in the third quarter of 2016.

The median sales tax in Charleston for 2017 was $2,101.09. In 2016, the median sales tax was $2,134.90. This marks an decrease of 1.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

The following table compares Charleston to other Coles County cities in the third quarter of 2017:

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Charleston7074-5.4%$115,500$123,625-6.6%
Lerna63100%$93,000$144,300-35.6%
Oakland37-57.1%$83,000$30,000176.7%
Ashmore440%$78,750$76,5002.9%
Mattoon104105-1%$75,000$76,300-1.7%
Humboldt31200%$55,000$111,000-50.5%

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