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East Central Reporter

Wednesday, November 27, 2024

Oblong home prices rise in the first quarter of 2019

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The median sale price of a home sold in the first quarter of 2019 in Oblong rose by $37,375 while total sales decreased by 50%, according to BlockShopper.com.

From January through March of 2019, there were four homes sold, with a median sale price of $82,500 - a 82.8% increase over the $45,125 median sale price for the same period of the previous year. There were eight homes sold in Oblong in the first quarter of 2018.

The median sales tax in Oblong for the most recent year with available data, 2016, was $1,224, approximately 1.5% of the median home sale price for the first quarter of 2019.

The following table compares Oblong to other Crawford County cities in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Robinson2430-20%$102,500$79,25029.3%
Oblong48-50%$82,500$45,12582.8%
Palestine6520%$52,000$32,50060%
Flat Rock10-$16,000$0-
Hutsonville10-$10,500$0-
Annapolis04-100%$0$50,500-100%

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