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East Central Reporter

Tuesday, November 26, 2024

Charleston home prices rise in the fourth quarter of 2017

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The median sale price of a home sold in the fourth quarter of 2017 in Charleston rose by $7,750 while total sales increased by 41.9%, according to BlockShopper.com.

From October through December of 2017, there were 61 homes sold, with a median sale price of $89,750 - a 9.5% increase over the $82,000 median sale price for the same period of the previous year. There were 43 homes sold in Charleston in the fourth quarter 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 2.3%.

The following table compares Charleston to other Coles County cities in the fourth quarter of 2017:

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Charleston614341.9%$89,750$82,0009.5%
Humboldt220%$76,125$76,500-0.5%
Mattoon936836.8%$69,000$68,7570.4%
Oakland61500%$54,000$67,500-20%
Lerna3250%$53,000$49,2507.6%
Ashmore72250%$53,000$90,000-41.1%

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