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Steward home prices rise in the second quarter of 2017

Realestate5

The median sale price of a home sold in the second quarter of 2017 in Steward rose by $68,000 while total sales increased by 50%, according to BlockShopper.com.

From April through June of 2017, there were three homes sold, with a median sale price of $105,000 - a 183.8% increase over the $37,000 median sale price for the same period of the previous year. There were two homes sold in Steward in the second quarter of 2016.

The median sales tax in Steward for 2017 was $3,563.72. In 2016, the median sales tax was $3,560.80. This marks an increase of 0.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.4%.

The following table compares Steward to other Lee County cities with similar median sales prices in the second quarter of 2017:

CityApr. - June 2017 Home SalesApr. - June 2016 Home Sales% change (Total Home Sales)Apr. - June 2017 Median Sales PriceApr. - June 2016 Median Sales Price% change (Median Sales Price)
West Brooklyn3250%$255,000$47,500436.8%
Sublette21100%$215,000$63,250239.9%
Palmyra990%$162,000$72,500123.4%
Amboy89-11.1%$105,250$41,750152.1%
Steward3250%$105,000$37,000183.8%
Paw Paw550%$98,000$26,000276.9%
Dixon80748.1%$82,625$40,750102.8%
Franklin Grove125140%$66,000$43,75050.9%
Lee31200%$65,000$87,500-25.7%
Ashton5366.7%$61,000$60,0001.7%
Nelson20-$60,500$0-

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