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East Central Reporter

Friday, May 3, 2024

How did home prices perform in Oblong during the first quarter of 2021?

Realestate3

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The median sale price of a home sold in the first quarter of 2021 in Oblong fell by $23,000 while total sales decreased by 16.7%, according to BlockShopper.com.

From January through March of 2021, there were five homes sold, with a median sale price of $32,000 - a 41.8% decrease over the $55,000 median sale price for the same period of the previous year. There were six homes sold in Oblong in the first quarter of 2020.

The median sales tax in Oblong for the most recent year with available data, 2019, was $1,227, approximately 3.8% of the median home sale price for the first quarter of 2021.

The following table compares Oblong to other Crawford County cities in the first quarter of 2021:

CityJan. - Mar. 2021 Home SalesJan. - Mar. 2020 Home Sales% change (Total Home Sales)Jan. - Mar. 2021 Median Sales PriceJan. - Mar. 2020 Median Sales Price% change (Median Sales Price)
Hutsonville63100%$111,950$60,00086.6%
Flat Rock110%$80,000$38,000110.5%
Annapolis10-$75,000$0-
Palestine11110%$74,300$57,00030.4%
Robinson34333%$61,000$85,000-28.2%
Oblong56-16.7%$32,000$55,000-41.8%

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