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East Central Reporter

Sunday, September 29, 2024

Oblong 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 Oblong fell by $18,500 while total sales increased by 125%, according to BlockShopper.com.

From July through September of 2017, there were 36 homes sold, with a median sale price of $41,500 - a 30.8% decrease over the $60,000 median sale price for the same period of the previous year. There were 16 homes sold in Oblong in the third quarter of 2016.

The median sales tax in Oblong for the most recent year with available data, 2016, was $1,223.60, approximately 2.9% of the median home sale price for the third quarter of 2017.

The following table compares Oblong to other Crawford 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)
Flat Rock220%$91,250$108,500-15.9%
Robinson13652161.5%$80,995$84,500-4.1%
Hutsonville41300%$65,000$87,000-25.3%
Palestine2711145.5%$54,400$18,000202.2%
Oblong3616125%$41,500$60,000-30.8%
Annapolis00-$0$0-

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