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East Central Reporter

Tuesday, November 5, 2024

Oblong home prices fall in August 2017

Re 12

The median sale price of a home sold in August 2017 in Oblong fell by $26,500 while total sales increased by 85.7%, according to BlockShopper.com.

In August 2017, there were 13 homes sold, with a median sale price of $40,000 - a 39.8% decrease over the $66,500 median sale price for the same period of the previous year. There were seven homes sold in Oblong in August 2016.

The median sales tax in Oblong for the most recent year with available data, 2016, was $1,224, approximately 3.1% of the median home sale price for August 2017.

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

CityAug. 2017 Home SalesAug. 2016 Home Sales% change (Total Home Sales)Aug. 2017 Median Sales PriceAug. 2016 Median Sales Price% change (Median Sales Price)
Flat Rock110%$112,500$42,000167.9%
Hutsonville21100%$86,500$87,000-0.6%
Robinson4818166.7%$75,900$65,00016.8%
Palestine6450%$67,200$32,750105.2%
Oblong13785.7%$40,000$66,500-39.8%
Annapolis00-$0$0-

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