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Saturday, September 28, 2024

Oregon home prices rise in the first quarter of 2018

Realestate2

The median sale price of a home sold in the first quarter of 2018 in Oregon rose by $30,000 while total sales decreased by 13.3%, according to BlockShopper.com.

From January through March of 2018, there were 13 homes sold, with a median sale price of $97,000 - a 44.8% increase over the $67,000 median sale price for the same period of the previous year. There were 15 homes sold in Oregon in the first quarter of 2017.

The median sales tax in Oregon for the most recent year with available data, 2017, was $2,213.80, approximately 2.3% of the median home sale price for the first quarter of 2018.

The following table compares Oregon to other Ogle County cities with similar median sales prices in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Creston41300%$122,000$112,6008.3%
Hillcrest56-16.7%$113,000$87,50029.1%
Lost Nation330%$109,000$155,000-29.7%
Stillman Valley35-40%$103,000$93,00010.8%
Rochelle26248.3%$100,000$116,500-14.2%
Grand Detour3250%$98,000$114,750-14.6%
Oregon1315-13.3%$97,000$67,00044.8%
Mount Morris111010%$80,500$48,25066.8%
Polo1011-9.1%$69,500$107,500-35.3%
Forreston770%$65,000$59,00010.2%
Leaf River110%$11,000$61,000-82%

ORGANIZATIONS IN THIS STORY

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