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East Central Reporter

Friday, April 26, 2024

Oblong home prices fall in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Oblong fell by $23,625 while total sales increased by 33.3%, according to BlockShopper.com.

From January through March of 2018, there were eight homes sold, with a median sale price of $45,125 - a 34.4% decrease over the $68,750 median sale price for the same period of the previous year. There were six homes sold in Oblong in the first quarter of 2017.

The median sales tax in Oblong for the most recent year with available data, 2016, was $1,223.60, approximately 2.7% of the median home sale price for the first quarter of 2018.

The following table compares Oblong to other Crawford County cities in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Robinson3033-9.1%$79,250$73,0008.6%
Annapolis41300%$50,500$15,200232.2%
Oblong8633.3%$45,125$68,750-34.4%
Palestine59-44.4%$32,500$58,000-44%
Hutsonville02-100%$0$92,950-100%
Flat Rock02-100%$0$8,000-100%

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