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Tuesday, November 26, 2024

Milledgeville home prices fall in the second quarter of 2017

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The median sale price of a home sold in the second quarter of 2017 in Milledgeville fell by $37,500 while total sales decreased by 50%, according to BlockShopper.com.

From April through June of 2017, there were three homes sold, with a median sale price of $39,000 - a 49% decrease over the $76,500 median sale price for the same period of the previous year. There were six homes sold in Milledgeville in the second quarter of 2016.

The median sales tax in Milledgeville for 2017 was $1,781.05. In 2016, the median sales tax was $1,806.90. This marks an decrease of 1.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.6%.

The following table compares Milledgeville to other Carroll County cities 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)
Thomson30-$115,000$0-
Shannon36-50%$105,000$73,25043.3%
Savanna79-22.2%$60,000$35,00071.4%
Mount Carroll815-46.7%$51,500$75,000-31.3%
Chadwick23-33.3%$39,500$20,00097.5%
Milledgeville36-50%$39,000$76,500-49%
Lanark550%$32,500$40,000-18.8%

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