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Wednesday, November 27, 2024

Lanark home prices fall in July 2019

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The median sale price of a home sold in July 2019 in Lanark fell by $8,750 while total sales decreased by 33.3%, according to BlockShopper.com.

In July 2019, there were two homes sold, with a median sale price of $35,250 - a 19.9% decrease over the $44,000 median sale price for the same period of the previous year. There were three homes sold in Lanark in July 2018.

The median sales tax in Lanark for the most recent year with available data, 2018, was $1,515, approximately 4.3% of the median home sale price for July 2019.

The following table compares Lanark to other Carroll County cities in July 2019:

CityJuly 2019 Home SalesJuly 2018 Home Sales% change (Total Home Sales)July 2019 Median Sales PriceJuly 2018 Median Sales Price% change (Median Sales Price)
Mount Carroll110%$220,000$32,000587.5%
Chadwick20-$108,500$0-
Shannon40-$57,250$0-
Savanna20-$46,250$0-
Thomson20-$37,500$0-
Lanark23-33.3%$35,250$44,000-19.9%
Milledgeville20-$13,750$0-

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