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Monday, November 25, 2024

Albany home prices fall in the second quarter of 2019

Realestate4

The median sale price of a home sold in the second quarter of 2019 in Albany fell by $16,250 while total sales decreased by 75%, according to BlockShopper.com.

From April through June of 2019, there were two homes sold, with a median sale price of $106,250 - a 13.3% decrease over the $122,500 median sale price for the same period of the previous year. There were eight homes sold in Albany in the second quarter of 2018.

The median sales tax in Albany for the most recent year with available data, 2018, was $2,376, approximately 2.2% of the median home sale price for the second quarter of 2019.

The following table compares Albany to other Whiteside County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Erie613-53.8%$131,500$106,90023%
Albany28-75%$106,250$122,500-13.3%
Fulton382272.7%$106,250$99,0007.3%
Morrison322152.4%$105,750$82,00029%
Prophetstown22220%$98,500$71,40038%
Sterling7983-4.8%$85,000$77,9009.1%
Lyndon37-57.1%$79,000$27,000192.6%
Rock Falls675521.8%$70,000$69,0001.4%
Douglas Park12-50%$65,000$59,00010.2%
Grimes Addition10-$63,900$0-
Tampico6450%$61,750$69,500-11.2%

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