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Friday, November 22, 2024

Lena home prices fall in the third quarter of 2017

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The median sale price of a home sold in the third quarter of 2017 in Lena fell by $3,500 while total sales increased by 125%, according to BlockShopper.com.

From July through September of 2017, there were 18 homes sold, with a median sale price of $93,500 - a 3.6% decrease over the $97,000 median sale price for the same period of the previous year. There were eight homes sold in Lena in the third quarter of 2016.

The median sales tax in Lena for the most recent year with available data, 2016, was $2,302.90, approximately 2.5% of the median home sale price for the third quarter of 2017.

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

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Winslow110%$225,000$101,500121.7%
Lake Summerset13128.3%$136,000$176,750-23.1%
Lena188125%$93,500$97,000-3.6%
Cedarville25-60%$87,500$77,50012.9%
Dakota42100%$87,000$71,00022.5%
Pearl City103233.3%$67,500$59,50013.4%
Freeport1109417%$66,875$55,45020.6%
Davis23-33.3%$63,500$68,500-7.3%
Rock City21100%$58,000$137,500-57.8%
Orangeville110%$55,000$92,150-40.3%
German Valley12-50%$39,900$63,572-37.2%

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