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East Central Reporter

Tuesday, November 26, 2024

Palestine home prices fall in August 2018

Re 10

The median sale price of a home sold in August 2018 in Palestine fell by $37,250 while total sales decreased by 66.7%, according to BlockShopper.com.

In August 2018, there were two homes sold, with a median sale price of $29,950 - a 55.4% decrease over the $67,200 median sale price for the same period of the previous year. There were six homes sold in Palestine in August 2017.

The median sales tax in Palestine for the most recent year with available data, 2016, was $1,137, approximately 3.8% of the median home sale price for August 2018.

The following table compares Palestine to other Crawford County cities in August 2018:

CityAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Annapolis10-$180,000$0-
Robinson1548-68.8%$110,000$75,90044.9%
Hutsonville220%$62,500$86,500-27.7%
Palestine26-66.7%$29,950$67,200-55.4%
Oblong513-61.5%$25,000$40,000-37.5%
Flat Rock01-100%$0$112,500-100%

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