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Tuesday, November 26, 2024

Lanark home prices fall in November 2018

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The median sale price of a home sold in November 2018 in Lanark fell by $25,250 while total sales decreased by 50%, according to BlockShopper.com.

In November 2018, there were two homes sold, with a median sale price of $45,500 - a 35.7% decrease over the $70,750 median sale price for the same period of the previous year. There were four homes sold in Lanark in November 2017.

The median sales tax in Lanark for the most recent year with available data, 2017, was $1,506, approximately 3.3% of the median home sale price for November 2018.

The following table compares Lanark to other Carroll County cities in November 2018:

CityNov. 2018 Home SalesNov. 2017 Home Sales% change (Total Home Sales)Nov. 2018 Median Sales PriceNov. 2017 Median Sales Price% change (Median Sales Price)
Milledgeville110%$125,000$114,5009.2%
Mount Carroll23-33.3%$97,500$65,00050%
Shannon23-33.3%$86,437.50$95,000-9%
Lanark24-50%$45,500$70,750-35.7%
Savanna14-75%$42,000$62,250-32.5%
Thomson01-100%$0$129,472-100%
Chadwick00-$0$0-

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