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Wednesday, November 27, 2024

Savanna home prices fall in the first quarter of 2019

Realestate3

The median sale price of a home sold in the first quarter of 2019 in Savanna fell by $3,550 while total sales increased by 100%, according to BlockShopper.com.

From January through March of 2019, there were 10 homes sold, with a median sale price of $44,450 - a 7.4% decrease over the $48,000 median sale price for the same period of the previous year. There were five homes sold in Savanna in the first quarter of 2018.

The median sales tax in Savanna for the most recent year with available data, 2017, was $992, approximately 2.2% of the median home sale price for the first quarter of 2019.

The following table compares Savanna to other Carroll County cities in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Mount Carroll24-50%$86,900$53,00064%
Chadwick5366.7%$77,000$40,00092.5%
Savanna105100%$44,450$48,000-7.4%
Milledgeville550%$34,000$90,000-62.2%
Lanark12-50%$20,000$82,250-75.7%
Thomson02-100%$0$44,775-100%
Shannon02-100%$0$76,250-100%

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