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Tuesday, November 26, 2024

Shannon home prices fall in August 2018

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The median sale price of a home sold in August 2018 in Shannon fell by $13,000 while total sales increased by 50%, according to BlockShopper.com.

In August 2018, there were three homes sold, with a median sale price of $91,500 - a 12.4% decrease over the $104,500 median sale price for the same period of the previous year. There were two homes sold in Shannon in August 2017.

The median sales tax in Shannon for the most recent year with available data, 2017, was $1,330, approximately 1.5% of the median home sale price for August 2018.

The following table compares Shannon to other Carroll County cities in August 2018:

CityAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Shannon3250%$91,500$104,500-12.4%
Lanark30-$64,000$0-
Savanna34-25%$33,000$40,750-19%
Mount Carroll23-33.3%$22,550$25,000-9.8%
Thomson00-$0$0-
Milledgeville00-$0$0-
Chadwick00-$0$0-

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