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Friday, November 22, 2024

Savanna home prices fall in January 2017

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The median sale price of a home sold in January 2017 in Savanna fell by $11,750 while total sales decreased by 60%, according to BlockShopper.com.

In January 2017, there were two homes sold, with a median sale price of $45,250 - a 20.6% decrease over the $57,000 median sale price for the same period of the previous year. There were five homes sold in Savanna in January 2016.

The median sales tax in Savanna for 2017 was $992. In 2016, the median sales tax was $967. This marks an increase of 2.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.

The following table compares Savanna to other Carroll County cities in January 2017:

CityJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Shannon10-$72,000$0-
Lanark13-66.7%$62,000$54,90012.9%
Milledgeville10-$59,000$0-
Savanna25-60%$45,250$57,000-20.6%
Mount Carroll10-$18,500$0-
Thomson00-$0$0-
Chadwick00-$0$0-

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