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East Central Reporter

Friday, April 19, 2024

Charleston home prices rise in the first half of 2017

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The median sale price of a home sold in the first half of 2017 in Charleston rose by $5,450 while total sales increased by 8.7%, according to BlockShopper.com.

From January through June of 2017, there were 138 homes sold, with a median sale price of $105,450 - a 5.5% increase over the $100,000 median sale price for the same period of the previous year. There were 127 homes sold in Charleston in the first half of 2016.

The median sales tax in Charleston for 2017 was $2,101. In 2016, the median sales tax was $2,135. 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 2%.

The following table compares Charleston to other Coles County cities in the first half of 2017:

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Humboldt28-75%$294,916.50$80,950264.3%
Lerna41300%$112,000$221,000-49.3%
Charleston1381278.7%$105,450$100,0005.5%
Oakland15966.7%$100,000$62,00061.3%
Mattoon16114411.8%$64,000$73,935.98-13.4%
Ashmore610-40%$35,750$40,500-11.7%

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