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Saturday, November 23, 2024

Lena home prices fall in the first quarter of 2017

Realestate5

The median sale price of a home sold in the first quarter of 2017 in Lena fell by $21,500 while total sales decreased by 40%, according to BlockShopper.com.

From January through March of 2017, there were six homes sold, with a median sale price of $47,500 - a 31.2% decrease over the $69,000 median sale price for the same period of the previous year. There were 10 homes sold in Lena in the first quarter of 2016.

The median sales tax in Lena for the most recent year with available data, 2016, was $2,302.90, approximately 4.8% of the median home sale price for the first quarter of 2017.

The following table compares Lena to other Stephenson County cities in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
German Valley20-$126,250$0-
Lake Summerset660%$124,500$158,410-21.4%
Orangeville220%$66,800$36,50083%
Pearl City12-50%$64,000$40,00060%
Lena610-40%$47,500$69,000-31.2%
Freeport615119.6%$45,000$51,500-12.6%
Cedarville330%$19,000$49,900-61.9%
Rock City01-100%$0$92,000-100%
Dakota03-100%$0$64,000-100%
Winslow00-$0$0-
Davis01-100%$0$71,000-100%

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