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East Central Reporter

Tuesday, November 26, 2024

Oblong home prices fall in 2017

Re 7

The median sale price of a home sold in 2017 in Oblong fell by $17,000 while total sales increased by 90.9%, according to BlockShopper.com.

From January through December of 2017, there were 63 homes sold, with a median sale price of $43,000 - a 28.3% decrease over the $60,000 median sale price for the previous year. There were 33 homes sold in Oblong in 2016.

The median sales tax in Oblong for the most recent year with available data, 2016, was $1,224, approximately 2.8% of the median home sale price for 2017.

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

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Robinson27819741.1%$79,500$75,0006%
Annapolis330%$72,000$50,00044%
Hutsonville9650%$65,000$47,00038.3%
Palestine7335108.6%$48,000$35,00037.1%
Oblong633390.9%$43,000$60,000-28.3%
Flat Rock9728.6%$40,000$30,00033.3%

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