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East Central Reporter

Friday, April 19, 2024

Oblong home prices fall in June 2017

Re 1

The median sale price of a home sold in June 2017 in Oblong fell by $14,000 while total sales increased by 175%, according to BlockShopper.com.

In June 2017, there were 11 homes sold, with a median sale price of $72,000 - a 16.3% decrease over the $86,000 median sale price for the same period of the previous year. There were four homes sold in Oblong in June 2016.

The median sales tax in Oblong for the most recent year with available data, 2016, was $1,224, approximately 1.7% of the median home sale price for June 2017.

The following table compares Oblong to other Crawford County cities in June 2017:

CityJune 2017 Home SalesJune 2016 Home Sales% change (Total Home Sales)June 2017 Median Sales PriceJune 2016 Median Sales Price% change (Median Sales Price)
Robinson4119115.8%$82,490$90,000-8.3%
Oblong114175%$72,000$86,000-16.3%
Flat Rock10-$70,000$0-
Hutsonville20-$65,000$0-
Palestine143366.7%$41,500$46,000-9.8%
Annapolis01-100%$0$50,000-100%

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